|By Marketwired .||
|May 12, 2014 06:23 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 05/12/14 -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) confirms that a dividend of $0.05417 per common share will be paid on June 16, 2014 to shareholders of record on May 31, 2014 with an ex-dividend date of May 28, 2014. The Board of Directors of Cardinal has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.
About Cardinal Energy Ltd.
Cardinal is a junior Canadian oil focused company built to provide investors with a stable platform for dividend income and growth. Cardinal's operations are focused in all season access areas in Alberta.
Forward Looking Statements
This press release contains forward looking statements relating to Cardinal's expected events including the amount and the timing of payment of future dividends. The reader is cautioned that forward looking statements are subject to risks, uncertainties and assumptions which Cardinal believes are reasonable at the time they were made. There can be no assurance that such expectations will prove to be correct. Risks could affect our future results and could cause results to differ materially from those expressed in the forward looking statements.
Cardinal Energy Ltd.
M. Scott Ratushny
Chief Executive Officer and Chairman
Cardinal Energy Ltd.
Chief Financial Officer
Cardinal Energy Ltd.
Suite 1400, 440 - 2nd Avenue S.W.
Calgary, Alberta T2P 5E9
(403) 234-0603 (FAX)
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