Coastal Energy Company advises that the TSX has accepted Coastal's Notice of Intention to make a Normal Course Issuer Bid to purchase some of its common shares through the facilities of the TSX and through other Canadian market places. The normal course issuer bid (NCIB) will commence on June 14, 2013 and terminate on the earliest of the purchase of 5,680,241 common shares, Coastal providing a notice of termination, and June 13, 2014. Any common shares purchased pursuant to the Normal Course Issuer Bid will be cancelled by the Company.

A copy of the Company's Notice filed with the TSX may be obtained, by any shareholder without charge, by contacting Coastal's Corporate Secretary.

Coastal seeks to purchase up to 5,680,241 common shares over the course of the next twelve months, being 5% of its issued and outstanding common shares as of May 31, 2013.

Tags: Coastal Energy