Parex Resources Inc. (TSX:PXT) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 10,198,838 shares, representing 9.82% of its issued share capital. The repurchased shares will be cancelled.

The bid will expire on January 21, 2025, or such earlier time as the bid is completed or terminated at the option of the company. As at January 8, 2024, the company had 103,811,718 shares in issue.