PLANO, Texas, April 19, 2013 /PRNewswire/ -- TGC Industries,
Inc. (NASDAQ: TGE) today announced that its Board of Directors has
declared a five percent (5%) stock dividend on its outstanding
Common Stock. Shareholders of record as of April 30, 2013 will receive the stock dividend
for each share owned on that date, payable on May 14, 2013.
Cash in lieu of fractional shares will be paid to shareholders
based on the last sales price of the Company's Common Stock on the
record date. As of April 15,
2013, TGC Industries had 20,807,502 shares of Common Stock
outstanding.
TGC Industries, Inc., based in Plano,
Texas, is a leading provider of seismic data acquisition
services, with operations throughout the continental United States and Canada. The Company
has branch offices in Houston,
Midland, Oklahoma City and Calgary.
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward looking statements are based on our
current expectations and projections about future events. All
statements other than statements of historical fact included in the
press release regarding the Company are forward looking
statements. There can be no assurance that those expectations
and projections will prove to be correct.
CONTACTS:
|
Wayne
Whitener
|
|
Chief
Executive Officer
|
|
TGC
Industries, Inc.
|
|
(972)
881-1099
|
|
|
|
Jack
Lascar, Partner
|
|
Karen
Roan, SVP
|
|
|
|
Dennard-Lascar Associates
|
|
(713-529-6600)
|
SOURCE TGC Industries, Inc.