CA - Parex Resources to effect normal course issuer bid
- Parex Resources ( OTCPK:PARXF ) ( TSX: PXT:CA ) is set to effect a normal course issuer bid, commencing Jan. 4, 2023.
- The Toronto Stock Exchange has approved the commencement of the normal course issuer bid.
- The oil and gas company will purchase for cancellation up to a maximum of 10,675,555 shares, representing 10% of the public float as of Dec. 22, at prevailing market prices on the TSX.
- The company had 109,108,590 shares issued and outstanding and a public float of 106,755,557 shares as of Dec. 22.
- The number of shares to be purchased is subject to a daily maximum of 141,763 shares.
- The normal course issuer bid will terminate no later than Jan. 3, 2024.
- Source: Press Release
For further details see:
Parex Resources to effect normal course issuer bid