Mr. Dan Kriznic reports
INVICTUS MD ANNOUNCES $1 MILLION DIVIDEND
Invictus MD Strategies Corp.'s board of directors has approved the payment of a cash dividend of $1-million. This represents 10.8 cents per share based on the current number of shares issued and outstanding of 9,238,805. The dividend is payable on Monday, Nov. 24, 2016, to shareholders of record as of Thursday, Nov. 10, 2016.
The dividend per share may be greater or lesser than 10.8 cents based on the number of shares issued and outstanding as of the record date.
Dan Kriznic, chief executive officer of Invictus MD, commented: "We have now finalized the sale of our Sunblaster division previously owned by Future Harvest Developments Ltd. This sale provided us with cash in excess of what is required to execute our business plan. Future Harvest generates positive cash flow and has recently upgraded all of its equipment to meet the significant fertilizer demand from its customers."
As previously announced, the company intends to complete a spin-out of Future Harvest into a newly formed public company in January, 2017, subject to shareholder and regulatory approval. As part of the spin-out, shareholders of the company will receive one share in NewCo for every one share held in Invictus MD.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.