AKITA Drilling Ltd. (TSX: AKT.A)
CALGARY, July 31, 2019 /CNW/ – AKITA’s Board of Directors has elected to suspend the Company’s dividends on its Class A Non-Voting and Class B Common Shares in light of the Company’s desire to pay down its debt.
The Company’s debt repayment plan includes the suspension of dividends as well as a continuing focus on cost cutting and other monetization and cash generating strategies.
During the second quarter of 2019 AKITA achieved 1,008 operating days in the US, compared to only 136 operating days in the US over the same period in 2018. In … Continue Reading