Mart Announces $0.05 Per Common Share Dividend
December 11 2013 - 8:30AM
Marketwired
Mart Announces $0.05 Per Common Share Dividend
CALGARY, ALBERTA--(Marketwired - Dec 11, 2013) - Mart Resources,
Inc. (TSX-VENTURE:MMT) ("Mart" or the "Company") is pleased to
announce the declaration of a quarterly dividend of $0.05 per
common share. The dividend is payable on January 6, 2014 to
shareholders of record at the close of business on December 19,
2013. The ex-dividend date is December 17, 2013.
Pursuant to the Company's dividend policy, the declaration of
regular quarterly dividends is determined quarterly based upon
Mart's cash flows, liquidity, capital expenditure budgets,
earnings, financial condition and other factors as the Board of
Directors may consider appropriate from time to time.
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.
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.
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 within the discretion
of Mart's Board of Directors and are dependent on numerous factors
including the Company's cash flow, capital expenditure budgets,
earnings, financial condition, the satisfaction of the applicable
solvency test in the Company's governing statute (the Business
Corporations Act (Alberta)), and such other factors as the Board of
Directors may consider appropriate from time to time. Mart's
ability to continue to pay dividends in the future is also subject
to many other factors 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 if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
law.
NEITHER THE
TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX-VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE
RELEASE.
Mart Resources, Inc. - London, EnglandWade Cherwayko / Dmitri
Tsvetkov+44 207 351 7937Wade@martresources.com /
dmitri.tsvetkov@martresources.comMart Resources, Inc. - CanadaSam
Grier403-270-1841 or toll free:
1-888-875-7485www.martresources.com
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