Canfor Corporation announced today that it has received regulatory approval to renew a normal course issuer bid first launched in March, 2013. Under the new bid, the Company may purchase for cancellation up to 6,260,970 common shares of the Company (the “Shares”) or approximately 5% of the 125,219,400 Shares outstanding as of March 1, 2019, at prevailing market prices, in accordance with the rules of The Toronto Stock Exchange (the “TSX”). The Company repurchased a total of 3,406,080 Shares for cancellation from March 7, 2018 to and including March 1, 2019 under its prior bid, at a volume weighted average price of $24.7473 per Share, through the facilities of the TSX and/or Canadian alternative trading systems. Under its prior bid, the Company sought and was approved to purchase 6,439,764 Shares.
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