Macro Enterprises Inc.
TSX VENTURE : MCR

Macro Enterprises Inc.

June 27, 2012 19:33 ET

Macro Enterprises Inc. Announces Dividend Declared on Class A Convertible Preference Shares

FORT ST. JOHN, BRITISH COLUMBIA--(Marketwire - June 27, 2012) - Macro Enterprises Inc. (the "Company" or "Macro") (TSX VENTURE:MCR) announces that it has declared a dividend of $32.50 per share (aggregating $210,275) on its 6,470 outstanding Class A Convertible Preference shares, payable on July 3, 2012 to the holders of record at the close of business on June 29, 2012, such dividend being the aggregate of the dividend that was originally scheduled for payment on March 31, 2012 and the dividend scheduled for payment on June 30, 2012. Under the provisions of the Class A Convertible Preference Shares, unpaid dividends are cumulative.

Macro's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry in northeastern B.C. and northwestern Alberta. The Company's corporate office is in Calgary, Alberta. Its shares are listed on the TSX Venture Exchange under the symbol MCR. Information on the Company's principal operating unit, Macro Industries Inc., can be found at www.macroindustries.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Macro Enterprises Inc.
    Frank Miles
    President and C.E.O.
    (250) 785-0033

    Macro Enterprises Inc.
    T. Jerrold Jackson
    C.F.O.
    (403) 705-7302
    www.macroindustries.ca