CALGARY, March 5, 2014 /CNW/ - Winalta Inc. ("Winalta" or the "Company")
is pleased to announce a quarterly cash dividend of $0.02 per class "A"
common share payable on March 31, 2014 to all shareholders of record
on March 17, 2014. The ex-dividend date for this payment is March 13,
2014. This dividend is an eligible dividend for Canadian income tax
The Board of Directors has approved a $0.01 per share quarterly dividend
increase to $0.02 per share for an effective $0.08 per share dividend
on an annualized basis. The increase in the quarterly dividend is a
result of strong operating performance in conjunction with better
visibility of revenue in deployment of both Integrated Wellsites
Systems and conventional Wellsites in the steadier SADG and Pad
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.
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