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Press Release – CALGARY, ALBERTA–(Aug. 20, 2014) – Black Diamond Group Limited (“Black Diamond” or “the Company”) (TSX:BDI) is pleased to announce that its Board of Directors has declared a dividend for the month of August, 2014 of $0.08 per share to holders of common shares. The dividend increase was approved by the Board of Directors on August 12, 2014 and represents a 6.7% increase in the Company’s monthly dividend and is the seventh increase since its initial public offering in September 2006. The dividend will be paid on September 15, 2014 to shareholders of record on August 29, 2014. The ex-dividend date is August 27, 2014. This dividend is an eligible dividend for Canadian income tax purposes.
About Black Diamond
Founded in 2003, Black Diamond Group Limited is one of the fastest growing remote lodging, modular building and energy services companies worldwide. With its corporate head office located in Calgary, Alberta, Black Diamond provides world-class services to a wide spectrum of industries including oil and gas, mining, power, construction, engineering, military, government and education.
Through its direct and indirect wholly-owned subsidiaries and its approximate 50% equity participation in certain aboriginal limited partnerships, Black Diamond operates four complementary business units in nineteen strategic locations across Canada, the United States and Australia.
Black Diamond Structures rents and sells remote workforce housing and modular workspace solutions and provides associated services; Black Diamond Logistics provides turnkey lodging services, remote facility management and supply chain solutions; Black Diamond Energy Services rents and sells a complement of oilfield equipment and services and Black Diamond International rents and sells remote workforce housing and modular workspace solutions and provides associated services outside of North America.
Certain information in this news release contains forward-looking statements including future dividend levels. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Black Diamond’s control including, without limitation, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of exchange rates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the forgoing list of factors is not exhaustive. Additional information on these and other factors that could affect Black Diamond’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) and at Black Diamond’s website (www.blackdiamondgroup.com). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Black Diamond does not undertake any obligation to update publicly or to revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.