Surge Energy Inc. (TSX:SGY) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 9,781,079 common shares, representing 9.72% of its issued and outstanding share capital. The price paid by the company for any such common shares will be the prevailing market price at the time of repurchase.

The shares repurchased under the bid will be cancelled. The bid will terminate on June 18, 2025. As of June 10, 2024, the company had 100,593,460 common shares issued and outstanding.