Pine Valley Mining Pays Dividend on Common Shares

Rhea-AI Summary

Pine Valley Mining Corporation announces the payment of a cash dividend of CDN$0.04 per share to its shareholders. The dividend amounts to CDN$3,029,315.12 and was not designated as an eligible dividend for income tax purposes.

Positive

• Pine Valley Mining Corporation pays cash dividend of CDN$0.04 per share, totaling CDN$3,029,315.12

Negative

• The dividend was not designated as an eligible dividend for income tax purposes

Vancouver, British Columbia--(Newsfile Corp. - October 24, 2023) - Pine Valley Mining Corporation ("Pine Valley") announces that it has paid the cash dividend of CDN$0.04 per share (aggregating to CDN$3,029,315.12) on its issued and outstanding 75,732,878 common shares, to its shareholders holders of record at the close of business on October 11, 2023, as first announced on September 27, 2023. For income tax purposes, the dividend was not designated as an eligible dividend under Canadian income tax rules. In this regard, Pine Valley does not provide tax or financial advice. Investors should contact their financial advisors for situation-specific advice.

For further information please contact:

Mark Smith
Chief Executive Officer
Phone: (440) 359-0000 ext. 222
E-mail: msmith@oakwoodlabs.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185100

FAQ

What is the dividend amount paid by Pine Valley Mining Corporation?

Pine Valley Mining Corporation paid a cash dividend of CDN$0.04 per share.

What is the total dividend amount paid by Pine Valley Mining Corporation?

The total dividend amount paid by Pine Valley Mining Corporation is CDN$3,029,315.12.

Was the dividend designated as an eligible dividend for income tax purposes?

No, the dividend was not designated as an eligible dividend for income tax purposes.