CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces that, further to its press release of September 5, 2018 where the Company announced a special cash dividend of $0.165 per share to holders of the Company’s common shares on October 2, 2018, the ex-dividend date shall be changed from October 1, 2018 to October 2, 2018 as a result of a late filing with the TSX Venture Exchange. The special dividend will be paid on October 5, 2018.
Razor started operations in the first quarter of 2017, through an acquisition of producing assets in the Swan Hills area. In the second quarter of 2017, Razor added to its base with the acquisition of complementary assets in the Kaybob area. These predominantly light oil assets provide a foundation for strong economic returns through abundant low risk operations. Razor plans to concurrently grow Swan Hills and Kaybob, and execute on similar acquisitions and amalgamations, using its experience to extract upside value.
Razor is a pivotal leading-edge enterprise, balancing creativity and discipline, focused on growing an enduring energy company. Razor currently trades on TSX Venture Exchange under the ticker “RZE”.
For additional information please contact:
| Doug Bailey President and Chief Executive Officer | OR | Kevin Braun Chief Financial Officer |
| Razor Energy Corp. 800, 500-5th Ave SW Calgary, Alberta T2P 3L5 Telephone: (403) 262-0242 www.razor-energy.com | Alliance Capital Partners Gordon Aldcorn www.alliancecapitalpartners.ca 403-618-6507 |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.