AKT.B - AKITA Declares Dividend (CAD 0.07)

Company: Akita Cl B
Stock Name: AKT.B
Amount: CAD 0.07
Announcement Date: 31/08/2011
Record Date: 15/09/2011

Dividend Detail:

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CALGARY, Aug. 31, 2011 /CNW/ - AKITA Drilling Ltd.'s Board of Directors
approved the payment of a quarterly dividend to shareholders.

AKITA Drilling Ltd.'s Board of Directors approved an ordinary cash
dividend of seven cents ($0.07) per share on the Outstanding Class A
Non-Voting and Class B Common shares of the Corporation for payment on
October 3, 2011 to shareholders of record at the close of business
September 19, 2011.  This dividend is an eligible dividend for Canadian Income Tax Purposes.

AKITA is an Alberta corporation engaged in the contract drilling
business and is listed on the Toronto Stock Exchange under the symbol
AKT.