CALGARY, Alberta, Sept. 14, 2023 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) announced today that the Toronto Stock Exchange (the “TSX”) has approved its intention to implement a normal course issuer bid (“NCIB”) for a portion of its common shares (“Common Shares”). Precision believes the NCIB continues to represent another tool for the Company to enhance the value of its underlying shares.
Pursuant to the renewed NCIB, the Company has been authorized by the TSX to acquire up to a maximum of 1,326,321 Common Shares, or approximately 10% of the public float as of September … Continue Reading