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