GROWMAX DECLARATION OF SPECIAL
DIVIDEND
VANCOUVER, Aug. 16, 2019 /CNW/ - GrowMax Resources
Corp. (TSXV: GRO) ("GrowMax" or the "Company")
is pleased to announce, further to its news release on August 12, 2019, that it has declared a special
dividend (the "Dividend") in the amount of $0.03 per common share of GrowMax, payable in
cash on September 5, 2019 (the
"Payment Date"). Shareholders of record as of close of
business on August 26, 2019 will be
entitled to the Dividend.
The Company's common shares will be traded in accordance with
the "due bill" procedures of the TSX Venture Exchange from
August 23, 2019 through September 5, 2019 (the "Due Bill Basis
Period"). This means any trades of GrowMax's common shares
that are executed on the TSX Venture Exchange during this period
will be identified to ensure purchasers of GrowMax's common shares
receive the entitlement to the dividend. GrowMax's common
shares are expected to begin trading on the TSX Venture Exchange on
an "ex-dividend" basis without an attached "due bill" entitlement
to the Dividend on September 6, 2019,
the next trading day after the Payment Date. The dividend
redemption date is September 9,
2019.
Forward-looking information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of GrowMax, as the case may
be, to be materially different from those expressed or implied by
such forward-looking information. Although GrowMax has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. GrowMax does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE GrowMax Resources Corp.
