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Stampede Drilling Announces Renewal of Normal Course Issuer Bid
Stampede Drilling Announces Renewal of Normal Course Issuer Bid Canada NewsWire C...
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\nStampede Drilling Announces Renewal of Normal Course Issuer Bid\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nCALGARY, AB, Dec. 3, 2025 /CNW/ - Stampede Drilling Inc. (\"Stampede\" or the \"Company\") (TSXV: SDI) announced today that the TSX Venture Exchange (the \"TSXV\") has approved the renewal of Stampede's normal course issuer bid (\"NCIB\") to purchase its common shares (\"Common Shares\") through the facilities of the TSXV and/or alternative trading platforms, commencing on December 9, 2025 and expiring on the earlier of December 8, 2026 and the date on which Stampede has acquired the maximum number of Common Shares allowable under the NCIB.\nStampede intends to purchase, for cancellation, up to 18,602,144 Common Shares, representing 10% of the Company's Public Float (as such term is defined in TSXV Policy 1.1 – Interpretation).\nStampede believes that, from time to time, the market price of its Common Shares trade at prices that may not adequately reflect their underlying value and the repurchase of Common Shares for cancellation may represent an attractive use of the Company's financial resources. The actual number of Common Shares that may be purchased, if any, the timing of any such purchases, and the price at which the Common Shares are acquired will be determined based on a number of factors taken into consideration by the Company.\nStampede has engaged Peters & Co. Limited to act as its broker for the NCIB. The NCIB will be made through the facilities of the TSXV and/or alternative trading platforms and the purchase and payment for the Common Shares will be made in accordance with TSXV requirements and applicable securities laws.\nThe Company's prior NCIB for the purchase of up to 20,137,617 Common Shares expired on June 2, 2025. Under the prior NCIB, Stampede repurchased an aggregate of 14,017,500 Common Shares at an aggregate cost of approximately $2,660,858 (or $0.19 per Common Share).\nForward-Looking Statements\nCertain statements contained in this News Release constitute forward-looki...