June 28 (Reuters) - Canaccord Genuity Group Inc CF.TO :
* CANACCORD GENUITY GROUP INC. ANNOUNCES SUBSTANTIAL ISSUER BID FOR UP TO $40.0 MILLION OF ITS COMMON SHARES
* CANACCORD GENUITY GROUP - EXPECTS TO ANNOUNCE TERMS OF OFFER AND COMMENCE OFFER ON JULY 3 AND THAT BID WILL BE COMPLETED BY AUGUST 9
* CANACCORD GENUITY - OFFER IS EXPECTED TO PROCEED BY WAY OF MODIFIED DUTCH AUCTION WITHIN A RANGE OF NOT LESS THAN $5.50 & NOT MORE THAN $6.30/SHARE