VANCOUVER, BC, March 19, 2024 /CNW/ - 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 โ15, 2024, at prevailing market prices, in accordance with the rules of The Toronto Stock Exchange (the "TSX"). The Company repurchased a total of โ1,905,100 Shares for cancellation from March 21, 2023 to and โincluding March โ15, 2024 under its prior bid, at a volume weighted average price of $โ18.9449 per โShare, through the facilities of the TSX. Under its prior โbid, the Company sought and was approved to purchase 6,052,978 Sharesโ.ย ย
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