CALGARY, Feb. 22, 2017 /CNW/ - Pason Systems Inc.
(TSX: PSI) announced today that the Board of Directors (with Mr.
Jim Hill, the significant
shareholder through J.D Hill Investments Ltd., abstaining from
voting) declared a quarterly dividend of seventeen cents (C$0.17) per share on the company's common
shares. The dividend will be paid on March
30, 2017 to shareholders of record at the close of business
on March 16, 2017.
Pursuant to the Canadian Income Tax Act, dividends paid by the
Company to Canadian residents are considered to be "eligible"
dividends.
Pason Systems Inc.
Pason Systems Inc. is a leading
global provider of specialized data management systems for drilling
rigs. Our solutions, which include data acquisition, wellsite
reporting, remote communications, and web-based information
management, enable collaboration between the rig and the office.
Pason's common shares trade on the Toronto Stock Exchange under the
symbol PSI.
For more information about Pason Systems Inc., visit the
company's website at www.pason.com
Additional information on risks and uncertainties and other
factors that could affect Pason's operations or financial results
are included in Pason's reports on file with the Canadian
securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com) or through Pason's website
(www.pason.com). Furthermore, any forward looking statements
contained in this news release are made as of the date of this news
release, and Pason does not undertake any obligation to update
publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by securities law.
SOURCE Pason Systems Inc.