PRESS RELEASE TSX-BAD
FOR IMMEDIATE DISTRIBUTION May 16, 2016
BADGER DAYLIGHTING LTD. MAY CASH DIVIDEND
Calgary, Alberta – Badger Daylighting Ltd. (“Badger”) today announced that the directors of Badger declared a cash dividend for the month of May of $0.033 per share, representing $0.396 per share on an annualized basis. Payment will be made on or about June 15, 2016 to shareholders of record on May 31, 2016.
Badger expects that the dividends will be “eligible dividends” for income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.
Badger is North America’s largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in the utility and petroleum industries. Our key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures its truck-mounted hydrovac units.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
For more information regarding this Press Release, please contact:
Tor Wilson, President and CEO / Jerry Schiefelbein, Vice President Finance and CFO
1000, 635 – 8th Avenue SW Phone (403) 264-8500
Calgary, Alberta T2P 3M3 Fax (403) 228-9773