Canada NewsWire
CALGARY, Oct. 17, 2016
CALGARY, Oct. 17, 2016 /CNW/ - Northern Blizzard Resources
Inc. ("Northern Blizzard") (TSX: NBZ) announced today a dividend of $0.04 per common share for
October 2016. The dividend will be payable on November 15, 2016 to
shareholders of record on October 31, 2016. This dividend has been designated as an eligible dividend
under the Income Tax Act (Canada).
Northern Blizzard offers a Stock Dividend Program ("SDP") where shareholders may elect to receive their dividends in the form of
common shares in lieu of receiving a cash dividend on the dividend payment date. Participation in the SDP is optional; additional
information can be found on Northern Blizzard's website at www.northernblizzard.com or by contacting your financial institution or investment advisor. The availability of the
SDP and the respective terms and conditions are subject to the discretion of Northern Blizzard's Board of Directors.
Northern Blizzard
Northern Blizzard is a Calgary, Alberta based Canadian crude oil production and development
company focused on maximizing oil recovery from its large-scale low viscosity heavy oil resource base. The corporation's
operations, infrastructure and concentrated land position are focused in southwest Saskatchewan.
Northern Blizzard's common shares trade on the Toronto Stock Exchange under the symbol NBZ.
ADVISORIES
This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including with
respect to the amount and payment of future dividends by Northern Blizzard. The reader is cautioned that forward-looking
information is based on certain assumptions, and is subject to known and unknown risks and uncertainties (both general and
specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking
information will not occur. In particular, the payment of dividends is dependent on the satisfaction of the applicable
liquidity and solvency tests imposed by the Business Corporations Act (Alberta). Readers
should also refer to the risk factors set forth in the Company's annual information form dated March 11,
2016 available at www.sedar.com. There can be no
assurance that the plans, intentions or expectations upon which forward-looking information is based will be realized. Actual
results may differ, and the difference may be material and adverse to the Company and its shareholders.
SOURCE Northern Blizzard Resources Inc.
