VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) ("Titan" or the "Company") announces that its Board of Directors has declared a quarterly cash dividend of C$0.01 per common share (the "Dividend") for an aggregate distribution of approximately C$1.4 million based on the current number of shares outstanding. This represents a C$0.04 dividend on an annualized basis and an annual dividend yield of 6.5% based on Titan's closing share price on the TSX on March 6, 2023, of C$0.61.
This quarterly dividend declaration is consistent with the Company's December 13, 2022 news release announcing the adoption by its Board of Directors of a policy to declare quarterly cash dividends of C$0.01 per common share.
The Dividend is payable on April 14, 2023, to shareholders of record as of the close of business on March 31, 2023.
The Dividend will be designated an "eligible dividend" for Canadian tax purposes. The declaration, timing, amount, and payment of future dividends remains at the discretion of the Board of Directors.
About Titan Mining Corporation
Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York state. Titan is built for growth, focused on value and committed to excellence. For more information on the Company, please visit our website at .
Contact
For further information, please contact:
Investor Relations:
Email: info@titanminingcorp.com
Cautionary Note Regarding Forward-Looking Information
Certain statements and information contained in this new release constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). These statements appear in a number of places in this news release and include statements regarding our intent, or the beliefs or current expectations of our officers and directors, including the timing of payment of the Dividend and any future dividends. When used in this news release words such as "to be", "will", "planned", "expected", "potential", and similar expressions are intended to identify these forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to vary materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators. Such forward-looking statements are based on various assumptions, including assumptions made with regard to the ability to advance exploration efforts at ESM; the results of such exploration efforts; the ability to secure adequate financing (as needed); the Company maintaining its current strategy and objectives; and the Company's ability to achieve its growth objectives. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Except as required by applicable law, we assume no obligation to update or to publicly announce the results of any change to any forward-looking statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If we update any one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. You should not place undue importance on forward-looking statements and should not rely upon these statements as of any other date. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
温哥华,不列颠哥伦比亚省,2023年3月7日(环球社)--泰坦矿业公司(多伦多证券交易所股票代码:TI)(“泰坦“或”公司“)宣布其董事会已宣布季度现金股息为每股普通股0.01加元(”分红“)根据目前的流通股数量,总分派约为140万加元。这意味着年化股息为0.04加元,根据泰坦2023年3月6日在多伦多证券交易所的收盘价0.61加元计算,年度股息率为6.5%。
这一季度股息声明与公司2022年12月13日发布的新闻稿一致,该新闻稿宣布董事会通过了一项政策,宣布季度现金股息为每股普通股0.01加元。
红利将于2023年4月14日支付给截至2023年3月31日收盘时登记在册的股东。
出于加拿大税收的目的,该股息将被指定为“合格股息”。未来股息的宣布、时间、金额和支付仍由董事会酌情决定。
关于泰坦矿业公司
泰坦是奥古斯塔集团的一家公司,在其位于纽约州的全资拥有的帝国国矿生产锌精矿。泰坦是为增长而建的,专注于价值,致力于卓越。欲了解更多有关该公司的信息,请访问我们的网站:。
联系方式
如需更多信息,请联系:
投资者关系:
电子邮件:info@tititiminingcorp.com
关于前瞻性信息的注意事项
本新闻稿中包含的某些陈述和信息构成适用证券法所指的“前瞻性陈述”和“前瞻性信息”(统称为“前瞻性陈述”)。这些声明出现在本新闻稿的多个地方,包括关于我们的意图、我们的高级管理人员和董事的信念或当前预期的声明,包括支付股息和任何未来股息的时间。在本新闻稿中使用“将要”、“将”、“计划”、“预期”、“潜在”等词语以及类似的表达方式,旨在识别这些前瞻性陈述。尽管公司认为这些前瞻性陈述和/或信息中反映的预期是合理的,但不应过度依赖前瞻性陈述,因为公司不能保证这些预期将被证明是正确的。这些陈述涉及已知和未知的风险、不确定因素和其他因素,这些因素可能导致实际结果或事件与这些前瞻性陈述中预期的大不相同,包括公司向加拿大证券监管机构提交的定期报告中确定的风险、不确定因素和其他因素。这些前瞻性陈述基于各种假设,包括关于推进ESM勘探工作的能力、此类勘探工作的结果、(根据需要)获得充足融资的能力、公司维持当前战略和目标以及公司实现其增长目标的能力的假设。虽然根据现有信息,公司认为这些假设是合理的,但它们可能被证明是不正确的。除适用法律另有要求外,我们没有义务更新或公开宣布本文中包含的任何前瞻性表述的任何变化的结果,以反映实际结果、未来事件或发展、假设的变化或影响前瞻性表述的其他因素的变化。如果我们更新任何一个或多个前瞻性陈述,不应推断我们将对这些或其他前瞻性陈述进行额外更新。您不应过分重视前瞻性陈述,也不应依赖截至任何其他日期的这些陈述。本新闻稿中包含的所有前瞻性陈述都明确地受到本警示性声明的限制。