08:58 AM EDT, 06/26/2025 (MT Newswires) -- Petrus Resources ( PTRUF ) on Thursday said the Toronto Stock Exchange approved the renewal of the company's normal course issuer bid (NCIB).

The company can purchase up to 6.4 million common shares, 5% of the' outstanding common shares as of June 18, over a period of twelve months starting on June 30.

The NCIB will expire no later than June 29, 2026 and any common shares that are purchased under the NCIB will be cancelled.

The company also said that it has established an automatic share purchase plan with a designated broker in connection with the NCIB.

The company further added that as of June 18, it has not repurchased any common share under its current NCIB that runs from June 28, 2024 to June 27.