Orca Exploration Group Inc. (TSXV:ORC.B) announces a share repurchase program. Under the substantial course issuer bid, the company will repurchase up to CAD 50 million worth of its class B subordinate voting shares. The shares will be repurchased within a price range of not less than CAD 6.50 and not more than CAD 7.50 per Class B Share. All class B shares purchased by the company pursuant to the offer will be cancelled. The bid will be funded from current cash resources. If the aggregate purchase price for the shares properly tendered and not withdrawn pursuant to the offer by purchase price tender or by auction tender at or below the purchase price by shareholders exceeds CAD 50 million, then the successfully tendered shares will be purchased on a pro rata basis according to the number of shares tendered. The bid will be expire on March 4, 2020, unless extended, varied or withdrawn by Orca. As of January 28, 2020, the company has 32,557,185 Class B Shares and 1,750,567 Class A Shares issued and outstanding.