Orca Exploration Group Inc. Appoints Nigel A. Friend as Director; Declares Cash Dividend Per Class A and Class B Subordinate Voting Share, Payable on or About April 30, 2019
Additionally, Orca announced that its Board of Directors has declared a cash dividend of CAD 0.05 per Class A Common Voting Share of the Company and CAD 0.05 per Class B Subordinate Voting Share of the Company payable to the holders of Class A Shares and Class B Shares of record on March 31, 2019 and payable on or about April 30, 2019. The Dividend is subject to Orca's Chief Financial Officer having signed and delivered a certificate to Orca's Board of Directors confirming that immediately after the payment of the Dividend, the value of the assets of the Company will exceed its liabilities and that the Company will be able to pay its debts as they fall due.