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High Arctic Declares Monthly Dividend


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

Date issue: May 19, 2017
Time in: 12:00 PM e

Attention:

CALGARY, ALBERTA--(Marketwired - May 19, 2017) -

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

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 June 14, 2017 to holders of High Arctic common shares of record at the close of business on May 31, 2017. The ex-dividend date is May 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.

- END RELEASE - 19/05/2017

For further information:
High Arctic Energy Services Inc.
Thomas Alford
Interim President & CEO
587-318-3826
tom.alford@haes.ca
OR
High Arctic Energy Services Inc.
Brian Peters
Chief Financial Officer
587-318-2218
brian.peters@haes.ca

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

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170519CC0035

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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