Posted: Wednesday Jun 26 7:47:24AM 2013
Mart announced .05 dividend payable 7/18/13 to holders of record 7/10/13.
.05 dividend annualized versus current stock price of C$1.53 is 13%.
Mart also announced that previously announced loan has been closed. $100 million loan facility will be used for second pipeline construction, drilling and general working capital.
Second pipeline is crucial for Mart because current pipeline is maxed out and full of holes!