Orca Announces Cash Distribution to Shareholders

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Postmedia has not reviewed the content. by GlobeNewswire Orca Announces Cash Distribution to ShareholdersAuthor of the article:TORTOLA, British Virgin Islands, Sept. 28, 2026 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) today announced that its Board of Directors has declared a cash distribution (the “Special Distribution”) of $1.50 (Cdn) per Class A Common Voting Share (the “Class A Shares”) of the Company and $1.50 (Cdn) per Class B Subordinate Voting Share (the “Class B Shares”, and together with the Class A Shares, the “Common Shares”) of the Company. The Special Distribution will be payable on October 19, 2026 (the “Payment Date”) to holders of Common Shares of record on October 5, 2026 (the “Record Date”).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThis advertisement has not loaded yet, but your article continues below.The Special Distribution will be completed in accordance with the applicable “due bill” trading procedures of the TSX Venture Exchange. The Common Shares will be traded in accordance with the “due bill” procedures from the Record Date until the close of trading on the Payment Date (the “Due Bills Period”). Any trades executed on the TSX Venture Exchange during the Due Bills Period will be identified to ensure that purchasers of Common Shares receive entitlement to the Special Distribution, whereby sellers of Common Shares during the Due Bills Period will also sell their entitlement to the Special Distribution to the respective purchasers of such Common Shares. The Common Shares will commence trading on an “ex-distribution” basis without an attached due-bill entitlement to the Special Distribution from the opening of trading on October 20, 2026, the next trading day after the Payment Date. The last day for settlement of trades executed during the Due Bills Period will be October 20, 2026, which is the redemption date for the due bills.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againFor Canadian income tax purposes, the paid up capital of the Class B Shares is approximately $45,990,000.This advertisement has not loaded yet, but your article continues below.About Orca Energy Group Inc.Orca is an international public company engaged in natural gas exploration, development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B.Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For further information please contact: Jay Lyons Chief Executive Officer +44 (0)20 8434 2754 ir@orcaenergygroup.com Lisa Mitchell Chief Financial Officer +44 (0)20 8434 2754 ir@orcaenergygroup.com For media enquiries: Celicourt (PR) Mark Antelme Orca@celicourt.uk +44-20 8434 2643This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.