Peyto Exploration & Development Corp. (TSX:PEY) announces a share repurchase program. Under the plan, the company will repurchase up to 12,400,000 common shares. All the shares purchased under the bid will be cancelled. The bid is valid till January 29, 2020 or such earlier time as the bid is completed or terminated at the option of company. As at January 21, 2019, the company had 164,874,175 common shares are in issue.