PrairieSky Royalty Ltd. (TSX:PSK) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 16,963,000 shares, representing 7.1% of its issued share capital. Any common shares that are purchased under the bid will be cancelled.

The purpose of the program is to enhance the value of the shares. The program is subject to approval from TSX. The bid will expire on May 25, 2023.

As of May 12, 2022, the company had 238,802,700 issued and outstanding shares.