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Vermilion Energy gets approval for normal course issuer bid

Calgary, Alberta-based Vermilion Energy Inc. said its normal course issuer bid was approved by the Toronto Stock Exchange, allowing it to purchase around 5% of its common shares.

The bid permits the oil and gas producer to repurchase 7,750,000 common shares over a 12-month period starting Aug. 9, according to an Aug. 7 news release.