NORTHERN BLIZZARD RESOURCES INC T.NBZ

This needed to be done. The market was waiting for this.

[TonyDj]

TSX: NBZ) is pleased to announce a revised monthly dividend of $0.02 per common share, the discontinuance of stock dividends under its Stock Dividend Program, the intention to purchase up to $75.0 million of its common shares under a substantial issuer bid and 2017 guidance. 

1.) lowering of dividend to a more reasonable level as people were questioning the high dividend yield of 13%.This is a positive for company to conserve cash.

2.) Discontinuance of stock dividends under the Stock Dividend program.This was diluting existing shareholders.Dilution must stop and was perceived as a negative.Another positive.

3.) Buy back their shares under a normal course issuer bid. This means that they will use their money to reduce the number of shares outstanding. When this happens it reduces the supply of shares. That could ultimately mean that there is more value to the shares that are still remaining. This I am neutral with.

Bottom line Management is doing what needs to be done as dilution cannot go on forever.This is apositive as new investors were waiting for the dividend cut and Stock dividend program.