In addition, the Company's board of directors has approved, effective
Q4 2019 Royalty Payment
During Q4 2019, the Company generated total cash of approximately
During the twelve months ended
The Company has 12,521,610 issued shares, with no warrants, stock options or other forms of share-based compensation outstanding.
25% Dividend Increase to be paid Monthly
The Company's board of directors has approved a 25% dividend increase from
Non-IFRS Measure: The Company has calculated the measure 'cash' using the cash basis of accounting. This is a non-IFRS measure as IFRS requires the Company's cash in its financial statements to be recognized using the accrual basis of accounting. The Company believes that this measure, while not a substitute for measures of performance prepared in accordance with IFRS, provides investors an improved ability to evaluate the underlying performance of the Company.
About
Investment values calculated based on closing prices and certain share price limits due to call option contracts.
Contact:
Tel: 1-888-392-3857
Email: info@abitibiroyalties.com
Forward Looking Statements
This news release contains certain statements that may be deemed 'forward-looking statements'. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
(C) 2020 Electronic News Publishing, source