Financial Wire

Bonterra Energy Announces Approval Of Its Second Normal Course Issuer Bid

-- Bonterra Energy (BNE.TO) Monday said that Toronto Stock Exchange accepted its notice of intention to renew its normal course issuer bid for outstanding common shares in accordance with the rules and policies of the TSX.

The company said that the NCIB represents its second such program.

The NCIB will allow the company to purchase a maximum of around 3.11 million common shares of Bonterra, representing 10% of its public float and approximately 8.5% of its around 36.57 million outstanding common shares as of April 2, 2026, over a period of 12 months starting April 15, 2026, and expiring April 14, 2027, or such earlier time as the bid is completed or terminated at the option of Bonterra.

Any common shares that are repurchased by Bonterra under the NCIB will be cancelled, said the company.

During the past 12 months, the company said it purchased an aggregate of 749,900 common shares at a weighted average price of $3.56 per common share.

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