Mart Resources, Inc. Dividend Reinvestment Plan
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 11/28/14 -- Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company") announces that it has recently adopted a Dividend Reinvestment Plan ("DRIP") in addition to the Share Dividend Plan ("SDP") adopted in June 2014. The DRIP provides shareholders with the ability to receive dividend payments in the form of cash or common shares. The DRIP is in addition to and does not replace the previously adopted SDP.
Participation in the DRIP and SDP is optional. Shareholders will continue to receive dividend payments in cash unless they choose to participate in the DRIP or the SDP. There are differences in the operation of the DRIP and SDP. Shareholders wishing to participate in the DRIP or SDP should contact their broker or intermediary or, in the case of registered shareholders, contact Mart's transfer agent, Computershare Trust Company of Canada or visit the Company's website at to obtain the DRIP/SDP enrollment form. Shareholders who enroll in the DRIP or SDP will continue to receive shares until they terminate their enrollment as specified in DRIP or SDP (as applicable).
The DRIP and SDP each provide the option for shareholders to receive dividends, as and when declared, in the form of common shares of Mart in lieu of receiving a cash dividend on the dividend payment date. Common shares issued under the DRIP and SDP are issued at a five per cent discount to the average market price as defined in the Company's DRIP and SDP, with no broker fees or commissions. The DRIP will generally be available to most shareholders and the SDP is available to registered shareholders and beneficial shareholders of participating brokerage firms or intermediaries. The DRIP and SDP are expected to provide many shareholders with Canadian income tax treatment that is different from the income tax consequences applicable to cash dividends. Shareholders, wherever resident, should consult their own tax or legal advisors regarding the tax consequences of participating in the DRIP or SDP and of receiving cash or share dividends.
Additional information on the DRIP and SDP, including the DRIP/SDP Enrollment Form, can be found at the Company's website at or by contacting your financial institution or investment advisor. The availability of the DRIP and SDP and the respective terms and conditions are subject to the discretion of Mart's management and Board of Directors. The adoption of the DRIP and SDP is no assurance that Mart will declare or pay dividends in the future.
Additional information regarding Mart is available on the Company's website at and under the Company's profile on SEDAR at .
NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.
Contacts:
Mart Resources, Inc. - London, England
Wade Cherwayko
+44 207 351 7937
Mart Resources, Inc. - London, England
Dmitri Tsvetkov
+44 207 351 7937
Mart Resources, Inc - Canada
Sam Grier
403-270-1841
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Unternehmensinformation / Kurzprofil:
Datum: 29.11.2014 - 00:40 Uhr
Sprache: Deutsch
News-ID 356011
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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