Key points
- The dividend of two cents per share is payable on June 1, 1999, to shareholders of record at the close of business on May 10, 1999.
- The company began commercial mining in April 1998.
- Production rose from 25,000 carats in the second quarter of 1998 (two months) to 116,000 carats in the first quarter of 1999 (three months).
- The board cited the company’s first-year performance as the basis for the dividend.
Namibian Minerals has declared its first dividend of two cents per share. The dividend is
payable on June 1, 1999, to shareholders of record at the close of business on
May 10, 1999.
The company started commercial mining in April 1998. During the year,
production progressively increased from 25,000 carats in the second quarter of
1998 (two months) to 116,000 carats in the first quarter of 1999 (three
months). The dividend payment recognizes this outstanding first year
performance and the board’s continuing confidence in the company’s operation.
WARNING: The company relies upon litigation protection for “forward-looking” statements.
