12/1/2022 - 9:52 AM EST - International Petroleum Corporation : Announced that the Toronto Stock Exchange has approved IPC's notice of intention to renew the Corporation's normal course issuer bid / share repurchase program. Under the NCIB, the Corporation is authorized to purchase, through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems, or as otherwise permitted under Canadian and Swedish securities laws, as and when considered advisable by IPC, up to 9,333,859 common shares in the capital of the Corporation, representing approximately 6.8% of the 137,842,861 Common Shares outstanding as at November 22, 2022 (or 10% of IPC's "public float" (as defined in the TSX Company Manual) as at November 22, 2022), over a period of twelve months commencing on December 5, 2022 and ending on December 4, 2023, or until such earlier date as the NCIB is completed or terminated by IPC. International Petroleum Corporation
shares T.IPCO are trading up $0.23 at $15.60.
