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CALGARY, March 21, 2016 /CNW/ - 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 14, 2016 to holders
of High Arctic common shares of record at the close of business on
March 31, 2016. The ex-dividend
date is March 29, 2016. 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 snubbing services, nitrogen supplies
and equipment on a rental basis to a large number of oil and
natural gas exploration and production companies operating in
Western Canada.
SOURCE High Arctic Energy Services Inc.