RE:BOOM: BTE LAYS The GROUNDWORK To TAKE OUT Juniper Capital- this is the IMPORTANT PART IF you WANT to BUY Juniper Capital BTE Shares on the NYSE: Calgary, Alberta--(Newsfile Corp. - April 22, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") today announced it obtained an exemption order from the Canadian securities regulators which permits Baytex to purchase up to 10 percent of the "public float" (within the meaning of the rules of the Toronto Stock Exchange (the "TSX")) of its common shares through the New York Stock Exchange and other U.S.-based trading systems (together with the New York Stock Exchange, "U.S. Markets") as part of Baytex's shareholder return strategy, including the current normal course issuer bid announced on June 23, 2023 (the "Current Bid").
Absent this exemptive relief, Baytex's purchases under a normal course issuer bid on U.S. Markets would be limited to not more than 5 percent of its outstanding common shares over any twelve-month period.
- this news release also DEMONSTRATES and ACKNOWLEDGES the HIGHER LIQUIDITY of BTE shares on the New York Stock Exchange (NYSE)
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