Mart Announces $0.05 Per Common Share Dividend
CALGARY, ALBERTA -- (Marketwire) -- 03/12/13 -- 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 April 9, 2013 to shareholders of record at
the close of business on March 22, 2013. The ex-dividend date is
March 20, 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.
Investors are also welcome to contact one of the following investor
relations specialists for all corporate updates and investor
FronTier Consulting Ltd.
Mart toll free # 1-888-875-7485
Forward Looking Statements and Risks
Certain statements contained in this press release constitute
"forward-looking statements" as such term is used in applicable
n 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, England office
Wade Cherwayko / Dmitri Tsvetkov
+44 207 351 7937
Wade@martresources.com / email@example.com
Mart Resources, Inc.
Toll Free 1-888-875-7485
Press spacebar to pause and continue. Press esc to stop.