Conifex Timber Inc. (TSX:CFF) announces a share repurchase program. Under the Substantial Issuer Bid, the company will repurchase up to 4,000,000 shares, representing approximately 9.1% of its issued and outstanding share capital, for CAD 9 million. The share will be repurchased at a purchase price of CAD 2.25 per share. All the repurchased shares under the bid will be cancelled. The company plans to fund the repurchases of shares through available cash on hand. If shares with an aggregate purchase price of more than $9.0 million are properly tendered and not properly withdrawn, we will purchase the shares on a pro-rata basis after giving effect to "odd lot" tenders, which will not be subject to pro-ration. The offer will expire on December 20, 2021, unless extended or withdrawn.