Arete Industries, Inc. (OTCPK:ARET) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 8.92% of its share capital from Burlingame Equity Investors Master Fund LP. The shares will be repurchased at a price of $0.19 per share for a total of $0.22 million.

As of January 30, 2014, the company has 13,451,466 shares in issue.