MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Thursday June 08 2017
Cathedral Energy Services Announces Director Election Results
Cathedral Energy Services Ltd. (the "Company" or "Cathedral" / TSX: CET) held its annual meeting of shareholders on June 7, 2017. A total of 16,867,190 common shares representing 34.48% of the Company's issued and outstanding common shares were voted in connection with the meeting. All the nominees proposed as directors were duly elected as directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the meeting, as follows:
P. Scott MacFarlane
Randy H. Pustanyk
Ian S. Brown
Dale E. Tremblay
Cathedral Energy Services Ltd. (the "Company" or "Cathedral"), based in Calgary, Alberta is incorporated under the Business Corporations Act (Alberta) and operates in the U.S. under Cathedral Energy Services Inc. The Company is publicly traded on the Toronto Stock Exchange under the symbol "CET". Cathedral, is a trusted partner to North American energy companies requiring high performance directional drilling services. We work in partnership with our customers to tailor our equipment and expertise to meet their specific geographical and technical needs. Our experience, technologies and responsive personnel enable our customers to achieve higher efficiencies and lower project costs. For more information, visit www.cathedralenergyservices.com.
SOURCE Cathedral Energy Services Ltd.
Pembina Pipeline Corporation Declares June 2017 Common Share Dividend
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for June 2017 of $0.17 per share to be paid, subject to applicable law, on July 15, 2017 to shareholders of record on June 25, 2017. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.
For shareholders receiving their common share dividends in U.S. funds, the June 2017 cash dividend is expected to be approximately U.S. $0.1260 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7412. The actual U.S. dollar dividend will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.
Confirmation of Record and Payment Date Policy
Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25th calendar day of each month (except for the December record date, which is December 31st), if, as and when determined by the Board of Directors. Should the record date fall on a weekend or a statutory holiday, the effective record date will be the previous business day. The dividend payment date is the 15th of the month following the record date. Should the payment date fall on a weekend or on a holiday the business day prior to the weekend or holiday becomes the payment date.
Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport various products derived from natural gas and hydrocarbon liquids produced primarily in western Canada. The Company also owns and operates gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to working with its community and aboriginal neighbours, while providing value for investors in a safe, environmentally responsible manner. This balanced approach to operating ensures the trust Pembina builds among all of its stakeholders is sustainable over the long-term. Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.
SOURCE Pembina Pipeline Corporation
Superior Plus Announces June 2017 Cash Dividend
Superior Plus Corp. ("Superior") (TSX:SPB) today announced its cash dividend for the month of June 2017 of $0.06 per share payable on July 14, 2017. The record date is June 30, 2017 and the ex-dividend date will be June 28, 2017. Superior's annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
About the Corporation
Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; and Specialty Chemicals includes the manufacture and sale of specialty chemicals.
For further information about Superior, please visit our website at: www.superiorplus.com.
SOURCE Superior Plus Corp.
Tourmaline Oil Corp. Announces Election of Directors
Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline") is pleased to announce that the nominees listed in its information circular dated April 24, 2017 were elected as directors of Tourmaline at its annual and special meeting of shareholders on June 7, 2017 in Calgary, Alberta (the "Meeting"). All matters presented for approval at the Meeting, including the adoption of new by-laws containing advance notice provisions and the unallocated options under Tourmaline's share option plan, were approved by Tourmaline's shareholders. A full report of voting results is available on SEDAR at www.sedar.com
Election of Directors
On a vote by ballot, each of the following eleven nominees proposed by management was elected as a director of Tourmaline:
Michael L. Rose
Brian G. Robinson
Jill T. Angevine
William D. Armstrong
Lee A. Baker
Robert W. Blakely
John W. Elick
Phillip A. Lamoreaux
Andrew B. MacDonald
Lucy M. Miller
Ronald C. Wigham
About Tourmaline Oil Corp.
Tourmaline is a Canadian senior crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin.
SOURCE Tourmaline Oil Corp.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.