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Bowridge To Pay Dividend of $0.35 and Consolidate Common Shares On a 2 for 1 Basis.


CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Nov. 11, 1999--

Bowridge(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:BOW.)

On November 10, 1999, Bowridge Resource Group Inc. announced that it will pay a capital dividend of $0.35 per share to holders of its common shares. The dividend will be distributed on November 24, 1999 to holders of record as of November 22, 1999.

Following the payment of the capital dividend, the Board of Directors of Bowridge has also approved plans to consolidate the common shares of Bowridge on a 2 for 1 basis, subject to regulatory and shareholder approval. Timing of a special shareholder meeting to approve the proposed consolidation is to be announced To be announced (TBA)

A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered.
.

Bowridge is a financially strong oil and gas service company that provides oil and gas producers with practical, cost efficient technologies and services to reduce operating costs operating costs nplgastos mpl operacionales , increase production, and provide environmental protection and control.

The Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 has neither approved nor disapproved the information contained herein.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 11, 1999
Words:154
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