New Stratus Energy Inc. (TSXV:NSE) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 6,256,788 common shares, representing 5% of its issued share capital. All the shares purchased under the bid will be returned to treasury and cancelled.

The company intends to fund the purchases out of available cash. The bid is subject to regulatory approval. The bid will expire on June 5, 2025, unless earlier completed or terminated by the company.

As of May 28, 2024, the company had 125,135,778 shares issued and outstanding.