Acadian Timber Corp. announces an Equity Buyback for 834,345 shares, representing 5% of its issued share capital.

Acadian Timber Corp. (TSX:ADN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 834,345 common shares, representing 5% of its outstanding share capital.

The plan is subject to regulatory approval. The repurchased shares will be cancelled. The bid will be funded from the company's available cash.

The bid will be valid up to February 13, 2023. As of February 3, 2022, the company had 16,686,916 shares outstanding.