Granada Gold to pay Castle Silver distribution Feb. 27

Feb 21, 2018

2018-02-20 15:10 ET – News Release

Mr. Frank Basa reports

GRANADA GOLD MINE ANNOUNCES DIVIDEND DATES

Further to its news release dated Feb. 9, 2018, Granada Gold Mine Inc. will be distributing its third annual dividend of 2.5 million Castle Silver Resources Inc. units on Feb. 27, 2018, to its shareholders on a pro rata basis with a record date of Feb. 22, 2018, subject to TSX Venture Exchange approval.

Each unit comprises one common share in the capital of Castle and one common share purchase warrant, with each warrant entitling the holder to acquire one common share of Castle on or before Sept. 15, 2018, at an exercise price of 10 cents per common share.

The distribution of the Castle units to the company’s shareholders of record will be distributed on a pro rata basis in accordance with the following terms:

The 2.5 million Castle units will be distributed on Feb. 27, 2018.
The ex dividend date will be Feb. 21, 2018; from this date and forward, new shareholders will not receive the dividend.
The holder-of-record date will be Feb. 22, 2018, the date on which the shareholders who are to receive the dividend are recognized.
For the fourth stock distribution to occur on a subsequent distribution date in 2019, separate ex dividend and holder-of-record dates will be established in 2019.

About Granada Gold Mine Inc.

Granada Gold Mine is developing the Granada gold property near Rouyn-Noranda, Que. The property includes the former Granada gold mine, which produced more than 50,000 ounces of gold in the 1930s before a fire destroyed the surface buildings.

An initial inferred underground resource of 10,386,500 tonnes grading 4.56 grams per tonne gold at a cut-off grade of 1.5 grams per tonne (1.5 million ounces gold) has been outlined along 600 metres of strike, north of the original near-surface discovery at Granada.

The company has obtained all necessary permits for the initial mining phase known as the rolling start, for which stripping has already begun, and has been conducting exploration drilling in order to expand the reported mineral resource for the property.

We seek Safe Harbor.

https://granadagoldmine.com/en/news/2018/