BRIEF-Eagle Energy Inc reduces monthly dividend to $0.005/shr

Mon Jun 6, 2016 5:09pm EDT
 
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June 6 (Reuters) - Eagle Energy Inc

* Eagle Energy Inc announces a reduction in monthly dividends

* Eagle has reduced its monthly dividend to $0.005 per share

* Eagle has reduced its monthly dividend to $0.005 per share ($0.06 annualized) beginning with June 2016

* Eagle Energy Inc says restricts Eagle from paying dividends exceeding $0.005 (half a cent) per share per month

* Eagle's 2016 capital budget, production and operating cost guidance remains same

* 2016 funds flow from operations is expected to be approximately $ca 11.1 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)