Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to
announce the declaration of a dividend of $0.10 per common share payable on
August 8, 2012 to shareholders of record at the close of business on July 23,
2012. 


Mart's Board of Directors has also adopted a dividend policy reflecting its
intention to pay quarterly dividends of $0.05 per common share commencing in
September 2012. The payments of dividends in the future are dependent on Mart's
cash flows, capital expenditure budgets, earnings, financial condition and other
factors as the Board of Directors may consider appropriate from time to time. 


Wade Cherwayko, CEO of Mart commented: "The declaration by Mart of its first
dividend to shareholders is a very important milestone for the Company and
reflects our positive view of the sustainability of cash flow from Mart's
Nigerian operations." 


For more information, please contact Wade Cherwayko at Mart's London, England
office # +44 207 351 7937 or e-mail: Wade@martresources.com; or Investor
Relations at toll free 1-888-875-7485. Additional information regarding Mart is
available on the Company's website at www.martresources.com and under the
Company's profile on SEDAR at www.sedar.com.


INVESTOR RELATIONS:

Investors are also welcome to contact one of the investor relations specialists
for all corporate updates and investor inquiries.


Forward-Looking Statements and Risks

Certain statements contained in this press release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future
events or are not statements of historical fact and should be viewed as
"forward-looking statements". These statements relate to analyses and other
information that are based upon forecasts of future results, estimates of
amounts not yet determinable and assumptions of management. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. 


In particular, there is no assurance that future dividends will be declared or
the timing or amount of any future dividend. The payments of dividends or
distributions in the future are dependent on Mart's cash flow, capital
expenditure budgets, earnings, financial condition, the satisfaction of the
applicable solvency test in Mart's governing statute (the Business Corporations
Act (Alberta)), and such other factors as the Board of Directors of Mart may
consider appropriate from time to time. Mart's ability to pay dividends can be
adversely affected by many factors beyond Mart's control including falling
commodity prices, repatriation restrictions, disruptions or reductions in
production or collection of receivables following sales of production.


Dividend payments to shareholders will be subject to applicable statutory
deductions and tax withholdings prescribed by applicable law. 


There can be no assurance that such forward-looking statements will prove to be
accurate as actual results and future events could vary or differ materially
from those anticipated in such statements. Accordingly, readers should no place
undue reliance on forward-looking statements contained in this news release. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.


Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Company undertakes no
obligation to update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as required by
applicable law.


Mart Resources (TSXV:MMT)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Mart Resources Charts.
Mart Resources (TSXV:MMT)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Mart Resources Charts.