Winalta Announces $0.01 Cash Dividend for June 27, 2013 Payment Date, Issuance of Stock Options and Approval of Amended Bylaws

CALGARY, May 24, 2013 /CNW/ - Winalta Inc. ("Winalta" or the "Company") is pleased to announce a quarterly cash dividend of $0.01 per class "A" common share payable on June 27, 2013 to all shareholders of record on June 13, 2013.  The ex-dividend date for this payment is June 11, 2013. This dividend is an eligible dividend for Canadian income tax purposes.

On May 15, 2013, the Board of Directors appointed Jan Campbell as Corporate Secretary of the Company.

Winalta's Board of Directors on May 15, 2013 approved the grant of 575,000 stock options to management, directors and other insiders, allocated as set forth below.  These stock options are to be granted today and priced at $0.72 which was the closing price of the Common Shares of Winalta on the TSXV on May 23, 2013. These stock options have an expiry date of May 14, 2020 and will vest at 25% per year.

Officers            
Austin Fraser President             150,000
David Hopley CFO              50,000
Randy Hayden VP Marketing             50,000
Jan Campbell Corporate Secretary            50,000
             
Directors            
Artie T. Koss               50,000
J. Blair Goertzen              50,000
Bradley R. Munro              50,000
             
Employees who are not Officers            125,000
             

Lastly, at Winalta's annual and special meeting of shareholders held on May 22, 2013, Winalta's shareholders approved amended bylaws for the Company. A copy of the amended bylaws can be accessed through the Company's SEDAR profile at www.sedar.com.

Winalta Oilfield Rentals, specializes in innovative and high-quality modular buildings for the Western Canadian Oil and Gas Industry. Winalta's rental fleet is comprised of single-unit Wellsites, Integrated Wellsite Systems (IWS), Dedicated Geo Labs, and Drill Camps.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain information set forth in this press release, including the timing of the payment of the dividend on the Company's shares may constitute forward-looking statements. By their nature, forward-looking statements involve material assumptions and are subject to numerous risks and uncertainties, including with respect to market and economic conditions and their impact on the Company's business, some of which, are beyond the Company's control. Readers are cautioned not to place undue reliance on the forward-looking statements as the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and actual results, performance or outcomes could materially differ from those expressed or implied in such forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by forward looking statements will transpire or occur, or if any of them do so, what benefit Winalta will derive there from. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

SOURCE: Winalta Inc.

For further information:

Austin Fraser, President
Phone: (403) 826-5701

David Hopley, CFO
Phone: (780) 469-0143

winalta@winaltainc.com

Profil de l'entreprise

Winalta Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.