International Petroleum Corporation (TSE:IPCO) has released an update.
International Petroleum Corporation has recently completed the purchase of 225,300 of its own common shares as part of its ongoing normal course issuer bid program. This program, which is compliant with multiple international trading regulations, has led to the cancellation of all repurchased shares, signaling a potential increase in shareholder value. Since the start of the program in December 2023, the company has repurchased 3,543,578 shares, with a maximum target of 8,342,119 shares set for the year-long initiative.
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