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Announced today that the Toronto Stock Exchange has approved its intention to implement a normal course issuer bid through the facilities of the TSX, the New York Stock Exchange and alternative trading platforms for a portion of its common shares. The NCIB effectively renews the existing NCIB, which is scheduled to terminate on August 26. Precision believes the NCIB continues to represent another tool for the Company to enhance the value of its underlying shares. Precision Drilling Corporation shares T.PD are trading down $0.07 at $58.58.