Athabasca Oil Corporation (TSX:ATH) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 55,423,786 common shares, representing 9.82% of the issued and outstanding common shares. The company will cancel the repurchased common shares.

The plan will terminate on March 17, 2025, or such earlier time as the bid is completed or terminated at the discretion of the company. As of March 12, 2024, the company had 564,438,104 common shares issued and outstanding