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International Petroleum Corporation (TSX:IPCO) announces results of share repurchase program

Energy
TSX:IPCO
15 August 2022 08:30 (EDT)
International Petroleum Corporation - CEO, Mike Nicholson.

Source: IPCO

Under its share repurchase program, International Petroleum Corporation (IPCO) has repurchased a total of 261,012 IPC common shares from August 8 to 12, 2022.

IPC repurchased 195,346 IPC common shares on Nasdaq Stockholm and 65,666 common shares on the TSX and alternative Canadian trading systems.

All common shares repurchased by IPC under the share repurchase program will be cancelled.

Following cancellation of the shares repurchased up to August 12, 2022, the total number of issued and outstanding IPC common shares will be 138,449,995.

As at August 12, 2022, the total number of issued and outstanding IPC common shares was 139,377,607 with voting rights and IPC held 927,612 common shares in treasury.

From December 3, 2021, to August 12, 2022, the company has repurchased a total of 8,659,698 IPC common shares under the share repurchase program through the facilities of the TSX Nasdaq Stockholm and alternative Canadian trading systems.

A maximum of 11,097,074 IPC common shares may be repurchased between December 3, 2021, and December 2, 2022.

International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth.

International Petroleum Corporation opened trading at $13.52 per share.


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