Canacol Energy Ltd (TSX:CNE) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 1,971,950 shares, representing 5.78% of its issued share capital. The shares repurchased will be cancelled.

The funds to purchase the common shares will be provided by working capital of the Corporation. The bid is valid till February 1, 2024, or until such earlier time as the bid is completed or terminated at the option of the company. As of January 19, 2023, there were 34,111,487 common shares outstanding.