The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

High Arctic Declares Monthly Dividend

Tuesday, August 21, 2012

High Arctic Declares Monthly Dividend16:01 EDT Tuesday, August 21, 2012/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/RED DEER, AB, Aug. 21, 2012 /CNW/ - High Arctic Energy Services Inc. (TSX: HWO) ("High Arctic" or the "Corporation") is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.01 per share to holders of common shares. The dividend is payable on September 14, 2012, to holders of High Arctic common shares of record at the close of business on August 31, 2012. The ex-dividend date is August 29, 2012.The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes.About High Arctic The Corporation is a global provider of specialized oilfield equipment and services, including drilling, completion and workover operations.  Based in Red Deer, Alberta, High Arctic has domestic operations throughout western Canada and international operations in Papua New Guinea.SOURCE: High Arctic Energy Services Inc.For further information: Dennis Sykora Executive Vice President and General Counsel 403 340 9825 dennis.sykora@haes.ca