Granite Oil Corp. Announces Monthly Dividend for December 2016

CALGARY, ALBERTA--(Marketwired - Dec. 15, 2016) - GRANITE OIL CORP. ("Granite") (TSX:GXO) (OTCQX:GXOCF) is pleased to announce that a dividend of $0.035 per common share will be paid in cash on January 16, 2017 to shareholders of record on December 31, 2016 with an ex-dividend date of December 28, 2016. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.