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High Arctic Declares Monthly Dividend

Posted On March 22nd
By : The Canadian Press
Comment: Off

FOR: HIGH ARCTIC ENERGY SERVICES INC.
TSX SYMBOL: HWO

Date issue: March 22, 2017
Time in: 11:42 AM e

Attention:

CALGARY, ALBERTA--(Marketwired - March 22, 2017) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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 $0.0165 per share to holders of common shares. The dividend is payable on April 13, 2017 to holders of High Arctic common shares of record at the close of business on March 31, 2017. The ex-dividend date is March 29, 2017. The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes.

About High Arctic

High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol "HWO". The Corporation's principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.

High Arctic's largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.

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.

- END RELEASE - 22/03/2017

For further information:
Thomas Alford
Interim President & CEO
Phone: 587-318-3826
Email: [email protected]
OR
Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: [email protected]

COMPANY:
FOR: HIGH ARCTIC ENERGY SERVICES INC.
TSX SYMBOL: HWO

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170322CC0043

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization issuing the release, not to The Canadian Press.

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