/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO
US NEWSWIRE SERVICES./
MELBOURNE, Feb. 28, 2018
/CNW/ - OceanaGold Corporation (TSX/ASX: OGC) (the
"Company") refers to its announcement dated 22 February 2018 relating to the declaration of
the first semi-annual ordinary dividend of US$0.01 per share for 2018 ("Announcement").
The dividend key dates set out in Table 3 of the Announcement
are now updated to include ASX ex-dividend date as
follows:
|
Date
|
Last date for
processing requests to convert securities between stock exchanges
before the Record Date
|
Monday, 5 March
2018
|
Common Shares trade
on an ex-dividend basis (TSX)
|
Tuesday, 6 March
2018
|
CDIs trade on an
ex-dividend basis (ASX)
|
Wednesday, 7 March
2018
|
Record
Date
|
Thursday, 8 March
2018
|
Processing
recommences for requests to convert securities between stock
exchanges
|
Friday, 9 March
2018
|
Dividend Payment
Date
|
Friday, 27 April
2018
|
About OceanaGold
OceanaGold Corporation is a mid-tier, high-margin, multinational
gold producer with assets located in the
Philippines, New Zealand
and the United States. The
Company's assets encompass the Didipio Gold-Copper Mine located on
the island of Luzon in the
Philippines. On the North Island of New Zealand, the Company operates the
high-grade Waihi Gold Mine while on the South Island of
New Zealand, the Company operates
the largest gold mine in the country at the Macraes Goldfield which
is made up of a series of open pit mines and the Frasers
underground mine. In the United
States, the Company operates the Haile Gold Mine, a
top-tier, long-life, high-margin asset located in South Carolina. OceanaGold also has a
significant pipeline of organic growth and exploration
opportunities in the Americas and Asia-Pacific regions.
OceanaGold has operated sustainably over the past 27 years with
a proven track-record for environmental management and community
and social engagement. The Company has a strong social license to
operate and works collaboratively with its valued stakeholders to
identify and invest in social programs that are designed to build
capacity and not dependency.
In 2018, the Company expects to produce 480,000 to 530,000
ounces of gold and 15,000 to 16,000 tonnes of copper with All-In
Sustaining Costs that range from $725
to $775 per ounce sold.
Tax Information for Dividend
Australian Income Tax
For Australian income tax purposes, the dividend is unfranked
and there is no amount of Conduit Foreign Income per security for
this dividend payment.
Canadian Withholding Tax
Holders of Common Shares or CDIs are advised that this dividend
is designated by the Company to be an "eligible dividend" pursuant
to subsection 89(14) of the Income Tax Act (Canada) and corresponding provincial
legislation. As the dividend originates from Canada, withholding tax at the rate of 25%
will be deducted from dividends paid to non-Canadian residents
unless the shareholder or CDI holder is a resident of a country
with a tax treaty with Canada, in
which event a lower withholding rate may apply. Such shareholders
or CDI holders must certify their non-resident status by completing
the relevant forms required by the Canada Revenue Agency. The
Company will mail every holder further information following the
Record Date.
Information contained in this media release is based on the
directors' current expectations and may be subject to change. If
any of the dates should change, the revised dates will be announced
by media release and will be available from www.oceanagold.com.
Cautionary Statement for Public Release
Certain information contained in this public release may be
deemed "forward-looking" within the meaning of applicable
securities laws. Forward-looking statements and information relate
to future performance and reflect the Company's expectations
regarding the generation of free cash flow, execution of business
strategy, future growth, future production, estimated costs,
results of operations, business prospects and opportunities of
OceanaGold Corporation and its related subsidiaries. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved) are not statements of historical fact and may be
forward-looking statements. Forward-looking statements are subject
to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those expressed in the
forward-looking statements and information. They include, among
others, the accuracy of mineral reserve and resource estimates and
related assumptions, inherent operating risks and those risk
factors identified in the Company's most recent Annual Information
Form prepared and filed with securities regulators which is
available on SEDAR at www.sedar.com under the Company's name. There
are no assurances the Company can fulfil forward-looking statements
and information. Such forward-looking statements and information
are only predictions based on current information available to
management as of the date that such predictions are made; actual
events or results may differ materially as a result of risks facing
the Company, some of which are beyond the Company's
control. Although the Company believes that any
forward-looking statements and information contained in this press
release is based on reasonable assumptions, readers cannot be
assured that actual outcomes or results will be consistent with
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements and information. The Company
expressly disclaims any intention or obligation to update or revise
any forward-looking statements and information, whether as a result
of new information, events or otherwise, except as required by
applicable securities laws. The information contained in this
release is not investment or financial product advice.
SOURCE OceanaGold Corporation