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SOURCE Escalera Resources Co.
DENVER, June 10, 2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ: ESCR) reported today that its Board of Directors declared a cash dividend on its 9.25% Series A Cumulative Preferred Stock ("Series A Preferred Stock") in the amount of $0.578125 per share, payable on June 30, 2014 to stockholders of record as of June 20, 2014. The Series A Preferred Stock was issued on July 5, 2007 and trades on the NASDAQ Capital Market under the symbol "ESCRP."
Annual Meeting of Stockholders
The Company will hold its 2014 Annual Meeting of Stockholders on Tuesday, June 17, 2014, at 10:00 A.M. (Central Time). The meeting will be held at the offices of Fulbright & Jaworski LLP, Fulbright Tower, 1301 McKinney, Suite 5100, Houston, Texas 77010. The Company will hold a Q&A session for stockholders after the meeting. Please RSVP to RSVP@escaleraresources.com if you plan to attend. Even if you plan to attend, the Company encourages you to vote prior to the meeting.
About Escalera Resources Co.
Escalera Resources Co. ("Escalera") is headquartered in Denver, CO, with executive offices in Houston, TX and a regional office in Casper, WY. Escalera explores, develops and transports natural gas in the U.S., and is seeking to own and operate similar assets internationally. These efforts are accomplished through three operating groups: 1) Escalera owns and operates various domestic natural gas producing assets, 2) Escalera transports natural gas, currently through its wholly owned subsidiary, Eastern Washakie Midstream LLC, which owns and operates a midstream pipeline in Wyoming, and 3) Escalera Resources International Co. LLC seeks to own and operate both upstream E&P assets and midstream assets located internationally, with a current focus on Eastern Europe.
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