FOR IMMEDIATE RELEASE
CALGARY, Alberta (February 27, 2014) – 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) today declared a quarterly dividend of fifteen cents (C$0.15) per share on the company’s common shares. The dividend will be paid on April 1, 2014 to shareholders of record at the close of business on March 14, 2014.
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 provider of instrumentation systems to land-based and offshore drilling rigs worldwide. The company’s rental solutions, which include data acquisition, wellsite reporting, remote communications, and web-based information management, maximize rig uptime, improve work efficiency, and minimize operating costs. 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 or contact:
Jon Faber (1)
David Elliott (1)
(1) Jon Faber has been appointed to the role of Chief Financial Officer effective March 1, 2014. David Elliott retains the role of Vice President, Finance.
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