CALGARY, ALBERTA--(Marketwire - March 18, 2013) - AvenEx Energy Corp. ("AvenEx") (AVF.TO) is pleased to announce that its Board of Directors have declared its regular monthly dividend for March 2013 of $0.035 per common share payable on April 15, 2013 to shareholders of record at the close of business on March 27, 2013.
The Board of Directors reviews the dividend on a monthly basis with monthly dividends expected to be paid on the 15th of the month. Shareholders are entitled to receive dividends only when any such dividends are declared by the Board of Directors and there is no entitlement to any dividend prior thereto.
For Canadian resident shareholders the dividend declared is designated as an "eligible dividend" for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
AvenEx plans to release its year end 2012 financial statements and management discussion and analysis on March 28, 2013.
AvenEx is a financially strong dividend paying corporation focused on oil and gas production and development.
An electronic copy of this press release may be obtained on AvenEx's SEDAR profile at www.sedar.com.