TransGlobe Energy Corporation Announces Correction to Ex-Dividend Dates for Special and Quarterly Dividends
06 Mai 2014 - 6:54PM
Marketwired
TransGlobe Energy Corporation Announces Correction to Ex-Dividend
Dates for Special and Quarterly Dividends
CALGARY, ALBERTA--(Marketwired - May 6, 2014) - TransGlobe
Energy Corporation (TSX:TGL) (NASDAQ:TGA) ("TransGlobe" or the
"Company") announces that its previously announced ex-dividend
dates were incorrect. The correct dates are May 20, 2014 for the
special dividend of US$0.10 per share, payable on May 28, 2014 and
June 12, 2014 for the quarterly dividend of US$0.05 per share
payable on June 30, 2014.
Both the special and quarterly dividends are designated as
eligible dividends under the Income Tax Act (Canada).
TransGlobe Energy Corporation is a Calgary-based,
growth-oriented oil and gas exploration and development company
focused on the Middle East/North Africa region with production
operations in the Arab Republic of Egypt and the Republic of Yemen.
TransGlobe's common shares trade on the Toronto Stock Exchange
under the symbol TGL and on the NASDAQ Exchange under the symbol
TGA. TransGlobe's convertible debentures trade on the Toronto Stock
Exchange under the symbol TGL.DB.
Cautionary Statement to Investors:
This news release may include certain statements that may be
deemed to be "forward-looking statements" within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995. Such
statements relate to possible future events. All statements other
than statements of historical fact may be forward-looking
statements. Forward-looking statements are often, but not always,
identified by the use of words such as "seek", "anticipate",
"plan", "continue", "estimate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"should", "believe" and similar expressions. These statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. Although
TransGlobe's forward-looking statements are based on the beliefs,
expectations, opinions and assumptions of the Company's management
on the date the statements are made, such statements are inherently
uncertain and provide no guarantee of future performance.
In particular, this press release contains forward-looking
statements regarding the Company's plans to issue a quarterly and a
special dividend to shareholders. Actual results may
differ materially from TransGlobe's expectations as reflected in
such forward-looking statements as a result of various factors,
many of which are beyond the control of the Company, including
obtaining bank lender and regulatory approval for the payment of
the proposed dividends.
The ability of the Company to declare and pay dividends in
the future are subject to factors which include, but are not
limited to, unforeseen changes in the rate of production from
TransGlobe's oil and gas properties, changes in price of crude oil
and natural gas, adverse technical factors associated with
exploration, development, production or transportation of
TransGlobe's crude oil and natural gas reserves, changes or
disruptions in the political or fiscal regimes in TransGlobe's
areas of activity, changes in tax, energy or other laws or
regulations, changes in significant capital expenditures, delays or
disruptions in production due to shortages of skilled manpower,
equipment or materials, economic fluctuations, and other factors
beyond the Company's control. With respect to
forward-looking statements contained in this press release
regarding the Company's ability to pay dividends in the future,
assumptions have been made regarding, among other things: the
Company's ability to obtain qualified staff and equipment in a
timely and cost-efficient manner; the regulatory framework
governing royalties, taxes and environmental matters in the
jurisdictions in which the Company conducts and will conduct its
business; future capital expenditures to be made by the Company;
future sources of funding for the Company's capital programs;
geological and engineering estimates in respect of the Company's
reserves and resources; and the geography of the areas in which the
Company is conducting exploration and development activities.
TransGlobe does not assume any obligation to update
forward-looking statements if circumstances or management's
beliefs, expectations or opinions should change, other than as
required by law, and investors should not attribute undue certainty
to, or place undue reliance on, any forward-looking statements.
Please consult TransGlobe's public filings at www.sedar.com and
www.sec.gov/edgar.shtml for further, more detailed information
concerning these matters, including additional risks
related to TransGlobe's business.
TransGlobe Energy CorporationSteve LangmaidInvestor
Relations(403)
444-4787investor.relations@trans-globe.comwww.trans-globe.com
TransGlobe Energy (TSX:TGL)
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