CALGARY, ALBERTA--(Marketwire - April 12, 2012) - Canadian Energy Services & Technology Corp. ("CESTC" or the "Corporation") (TSX:CEU) (OTCQX:CESDF) announced today that it will pay a cash dividend of $0.05 per common share on May 15, 2012, to the shareholders of record at the close of business on April 30, 2012.
CESTC is also pleased to announce that effective today the Company's common shares commenced trading in the United States on the highest tier of the OTC market, the OTC International Marketplace ("OTCQX"), under the trading symbol CESDF. OTCQX securities are quoted on the OTC Link platform, operated by OTC Markets Group. U.S. investors can access CESTC's current financial disclosures, news releases, and real-time level 2 quotes at www.otcmarkets.com.
Stifel Nicolaus & Company, Inc. will serve as CESTC's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
"The OTCQX listing will provide CESTC with a cost-effective means of enhancing its visibility and accessibility to U.S. based investors," said Tom Simons, President & CEO.
About Canadian Energy Services & Technology Corp.
CESTC designs and implements drilling fluid systems for the oil and natural gas industry in western Canada and in the United States through its subsidiary AES Drilling Fluids, LLC. Additional information about CESTC is available at www.sedar.com or at CESTC's website at www.CanadianEnergyServices.com.THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.