/EINPresswire.com/ -- CALGARY, ALBERTA -- (Marketwired) -- 07/15/16 -- 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 August 15, 2016 to shareholders of record on July 31, 2016 with an ex-dividend date of July 27, 2016. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

Contacts:
Granite Oil Corp.
Michael Kabanuk
President & CEO
(587) 349-9123

Granite Oil Corp.
Jonathan Fleming
E.V.P.
(587) 349-9118

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