Calgary, Alberta–(Newsfile Corp.– August 25, 2025– Saturn Oil & & Gas Inc. ( TSX: SOIL ( OTCQX: OILSF (“ Saturn or the “ Firm ), a light oil-weighted manufacturer focused on unlocking worth with the advancement of our possessions in Saskatchewan and Alberta, today introduced that the Toronto Stock Exchange’s (” TSX ) has approved Saturn’s notice to renew our Normal Course Company Bid (” NCIB ) for a further 1 year term, following the effective completion of an existing NCIB which runs out on August 26, 2025 (the” Prior NCIB ).
Saturn’s Return of Capital Dedication
According to the Prior NCIB, Saturn got approval to purchase for cancelation approximately 11, 306, 825 common shares (” Shares ), standing for around 10 % of the general public float since August 21, 2024 Since July 31, 2025, Saturn had bought and terminated 9, 732, 312 Shares for accumulated consideration of $ 20 3 million at a heavy ordinary price per Share of $ 2 09 The Previous NCIB ran from August 27, 2024 and runs out on August 26, 2025 Saturn additionally finished a Substantial Provider Quote (” SIB ) which closed July 16, 2025 and resulted in the termination of a further 1, 608, 182 Shares at an acquisition cost of $ 2 15 per Share. Saturn has repurchased and cancelled a total of 11 3 million Shares from August 27, 2024 to July 31, 2025, standing for a reduction of about 6 % in our Shares exceptional as at August 27, 2024
Saturn believes that dislocations exist between the current Share cost and the fundamental value of business, and that the NCIB can raise shareholder value and enhance per Share growth for all shareholders. Providing returns to investors is a crucial tenet of the Firm’s approach and we remain to view Share buybacks as an effective device. We continue to be dedicated to keeping a monetarily prudent funding framework and managing our NCIB program according to this purpose.
NCIB Revival Facts
The renewed NCIB permits Saturn to acquire for cancellation, every now and then, as the Firm takes into consideration suggested, up to a maximum of 12, 078, 583 Shares, representing 10 % of our public float, as specified by the TSX. As of August 21, 2025, Saturn had 192, 858, 149 Shares issued and exceptional, and 120, 785, 837 Shares outstanding after leaving out Shares beneficially owned by supervisors and executive officers of Saturn and persons who beneficially own or work out control or direction over greater than 10 % of the provided and exceptional Shares (the” Public Float ). The NCIB will be in place from August 27, 2025 to August 26, 2026 (the” Expiry Day ), or till such earlier time as the NCIB is finished or terminated at the choice of the Business.
According to TSX rules, the maximum number of usual shares that may be redeemed throughout the same trading day on the TSX is 65, 420 Shares (being 25 % of the typical day-to-day trading quantity of the Shares for the 6 month duration finished July 31, 2025, which amounted to 261, 681 Shares), subject to particular exemptions for block repurchases. ATB Funding Markets (” ATB ) will carry out the NCIB on behalf of the Firm. Acquisitions subject to the NCIB will be performed by ATB on Saturn’s behalf. Purchases of Shares might be made on the competitive market through the centers of the TSX in accordance with appropriate governing needs or with other identified exchanges or alternative Canadian trading systems. The rate spent for the Shares will certainly be, subject to pricing policies had in TSX plans, the prevailing market value of the Shares on the TSX at the time of such purchase. Saturn means to fund the acquisitions out of available money. All Shares bought under the NCIB will be gone back to treasury and cancelled.
About the NCIB, the Company has become part of an “automated safeties purchase plan” (as specified under suitable Canadian securities legislations) with ATB for the objective of making purchases under the NCIB (the” Strategy ). Purchases under the NCIB will be figured out by ATB in its single discretion, without appointment with the Firm, subject to the limitations of the Plan and the regulations of the TSX. The Plan constitutes an “automated plan” for objectives of applicable Canadian safeties legislations and has actually been reviewed by the TSX. The Plan was established to give standing directions relating to exactly how Saturn’s Shares are to be acquired under the NCIB. Appropriately, ATB on behalf of the Business might buy Shares in conformity with the Plan on any trading day throughout the NCIB including during Saturn’s self-imposed trading blackout durations. Saturn may otherwise vary, suspend or terminate the Plan just if it does not have material non-public details, the decision to differ, suspend or end the Plan is not taken during a self-imposed trading blackout period and any variation, suspension or discontinuation is made in accordance with the terms of the Plan. Saturn will certainly release a subsequent news release if the Plan is ended or any material regards to the Strategy are changed prior to the Expiry Day.
REGARDING SATURN
Saturn is a returns-driven Canadian energy firm focused on the efficient and cutting-edge advancement of high-grade, light oil weighted properties, supported by a purchase strategy targeting accretive and corresponding opportunities. The Firm’s portfolio of free-cash flowing, low-decline ran assets in Saskatchewan and Alberta supply a deep inventory of lasting financial boring possibilities throughout several areas. With an undeviating dedication to developing an entrepreneurial and ESG-focused society, Saturn’s objective is to enhance per share gets, manufacturing and capital at an eye-catching return on spent resources. The Business’s shares are listed for trading on the TSX under ticker ‘SOIL’ and on the OTCQX under the ticker ‘OILSF’. More details and our company discussion are offered on Saturn’s website at www.saturnoil.com
FINANCIER & & MEDIA CONTACTS
John Jeffrey, MBA– Chief Executive Officer
Tel: + 1 (587 392 – 7900
www.saturnoil.com
Cindy Gray, MBA– VP Capitalist Relations
Tel: + 1 (587 392 – 7900
[email protected]
READER ADVISORIES
Forward-Looking Information and Statements
Particular information consisted of in this press release comprises progressive details under applicable safety and securities regulations. Positive details normally consists of statements with words such as “anticipate”, “believe”, “expect”, “plan”, “plan”, “estimate”, “recommend”, “task”, “scheduled”, “will certainly” or similar words suggesting future outcomes or declarations pertaining to an expectation. Progressive information in this press release might include, yet is not limited to: the terms of the NCIB consisting of the expiry date, the number of Shares which may be bought and the timing of such repurchases, the wish or ability to repurchase securities under the NCIB, Saturn’s return of funding plans and structure, Saturn’s funding structure, and the anticipated advantages to shareholders of the NCIB.
Although Saturn thinks that the assumptions and presumptions on which the forward-looking declarations are based are sensible, unnecessary reliance should not be placed on the positive statements because Saturn can offer no assurance that they will certainly confirm to be appropriate. Because progressive declarations attend to future occasions and problems, by their very nature they entail fundamental dangers and uncertainties. Actual strategies and results can vary materially from those currently prepared for because of a number of aspects and dangers, including the risks laid out under “Risk Elements” in Saturn’s Management Conversation and Evaluation for the three and six months ended June 30, 2025, and Annual Details Type for the year ended December 31, 2024, readily available on SEDAR+ at www.sedarplus.ca
Positive info is based upon a variety of aspects and presumptions which have actually been utilized to develop such info, however which may verify to be inaccurate. Although Saturn thinks that the assumptions shown in its progressive details are affordable, undue dependence needs to not be positioned on progressive info because Saturn can provide no assurance that such assumptions will show to be proper. Along with various other elements and presumptions which might be recognized in this news release, presumptions have been made pertaining to and are implied in, to name a few things, our future capital return strategies. Readers are warned that the foregoing list is not extensive of all aspects and presumptions which have been utilized.
The progressive details had in this news release is made as of the date hereof and Saturn carries out no commitment to upgrade openly or modify any progressive information, whether as a result of brand-new info, future events or otherwise, unless required by applicable safety and securities legislations. The progressive information contained in this news release is specifically qualified by this cautionary statement.
All buck numbers included here are presented in Canadian bucks, unless or else noted.
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