AKITA Declares Quarterly Dividend

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AKITA Drilling Ltd.

Nov 11, 2016, 14:53 ET

CALGARY, Nov. 11, 2016 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.

AKITA Drilling Ltd.'s Board of Directors approved an ordinary cash dividend of eight and one half cents ($0.085) per share on the Outstanding Class A Non-Voting and Class B Common shares of the Corporation for payment on January 5, 2017 to shareholders of record at the close of business December 16, 2016.  This dividend is an eligible dividend for Canadian Income Tax Purposes.

AKITA is an Alberta corporation engaged in the contract drilling business and is listed on the Toronto Stock Exchange under the symbol AKT.

SOURCE AKITA Drilling Ltd.

please contact: Mr. Darcy Reynolds, Vice President, Finance, (403) 292-7990

Organization Profile

AKITA Drilling Ltd.

AKITA is a premier oil and gas drilling contractor with a fleet of 37 drilling rigs. AKITA provides drilling services through two geographical segments: Canada and the United States (“US”). With a fleet of 20 drilling rigs, AKITA’s Canadian division operates in Alberta,...