Saturn Oil & Gas Gets TSX Approval to Renew Its NCIB

08:21 AM EDT, 09/03/2026 (MT Newswires) -- Saturn Oil & Gas (SOIL.TO) received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB) for a further one-year term, it said in a statement on Thursday. The renewed NCIB will let the company buy back for cancellation, up to a maximum of 12.2-million shares, about 10% of its public float. Saturn had 180-million shares issued and outstanding, as of Aug. 31. The bid will be in place from Sept. 8, 2026, to Sept. 7, 2027, or until such earlier time as the NCIB is completed or cancelled at the option of the company. Saturn Oil & Gas has also entered into an "automatic securities purchase plan" with Peters & Co. for the purpose of making purchases under the bid, it said. Shares of the company closed up 1.8% to C$6.69 on Wednesday on the Toronto Stock Exchange.