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Toronto Stock Exchange approves Northland Power's normal course issuer bid

The Toronto Stock Exchange approved Northland Power Inc.'s normal course issuer bid, which will start Dec. 17 and end Dec. 16, 2020.

The company may purchase for cancellation up to 8 million common shares that represent about 4.5% of its issued and outstanding common shares, according to a Dec. 12 news release.

Northland Power had 179,441,219 common shares outstanding as of Dec. 3. The company will rely on an automatic purchase plan during the normal course issuer bid.