The Alberta Securities Commission and Ontario Securities Commission granted Baytex Energy Corp. an exemption from formal issuer bid requirements under National Instrument 62-104. This allows Baytex to conduct normal course issuer bids (NCIB) through the New York Stock Exchange (NYSE) and other U.S. markets, in addition to the Toronto Stock Exchange (TSX). The exemption is subject to conditions, including compliance with U.S. market rules and TSX NCIB rules, and a maximum aggregate limit of 10% of the public float. This decision was made under the authority of National Instrument 62-104, Part 2, and section 6.1.
