Canfor Corporation (TSX:CFP) (“Canfor” or the “Company”) announced today that it has received regulatory approval to renew a normal course issuer bid that will expire in March, 2024. Under the new bid, the Company may purchase for cancellation up to 5,942,508 common shares of the Company (the “Shares”) or approximately 5% of the 118,850,179 Shares outstanding as of March 15, 2024, at prevailing market prices, in accordance with the rules of The Toronto Stock Exchange (the “TSX”). The Company repurchased a total of 1,905,100 Shares for cancellation from March 21, 2023 to and including March 15, 2024 under its prior bid, at a volume weighted average price of $18.9449 per Share, through the facilities of the TSX. Under its prior bid, the Company sought and was approved to purchase 6,052,978 Shares.
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