07:39 AM EDT, 03/14/2024 (MT Newswires) -- Athabasca Oil Corp. ( ATHOF ) said Thursday that it has secured approval from the Toronto Stock Exchange for the company's normal course issuer bid.

The company plans to buy nearly 55.4 million common shares during the 12 months starting March 18, 2024, and ending March 17, 2025, or when completed or terminated.

The company's current NCIB is scheduled to expire on March 15.

Athabasca will enter into an automatic share purchase plan with its designated broker in connection with the NCIB.