11:07 AM EST - International Petroleum Corp : Announces it has sought approval from the Toronto Stock Exchange to renew its normal course issuer bid to repurchase its own common shares through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems. The IPC Board of Directors has approved, subject to acceptance by the TSX, the purchase of up to approximately 9.3 million Common Shares, representing approximately 6.8% of IPC's issued and outstanding Common Shares, to commence over a period of twelve months from December 5, 2022 and ending on December 4, 2023. IPC has determined to renew the NCIB because it believes that the current Common Share price does not reflect the underlying value of those shares. International Petroleum Corp
shares T.IPCO are trading up $0.26 at $15.02.
