01:09:05 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Mart Resources Inc
Symbol MMT
Shares Issued 356,941,046
Close 2014-11-28 C$ 0.70
Market Cap C$ 249,858,732
Recent Sedar Documents

Mart Resources adopts dividend reinvestment plan

2014-11-28 20:01 ET - News Release

Mr. Wade Cherwayko reports

MART RESOURCES, INC. DIVIDEND REINVESTMENT PLAN

Mart Resources Inc. 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 to obtain the DRIP/SDP enrolment form. Shareholders who enroll in the DRIP or SDP will continue to receive shares until they terminate their enrolment 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 5-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 advisers 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 enrolment form, can be found at the company's website, or by contacting your financial institution or investment adviser. 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.

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