VANCOUVER, British Columbia, May 30, 2018 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV:IGP) (the “Company”) is pleased to announce that the Board of Directors of the Company has declared a special dividend of CAD$0.03 per share on its outstanding common shares, payable on June 28, 2018 to shareholders of record at the close of business on June 12, 2018. The dividend is designated as an “eligible dividend” for Canadian income tax purposes.
The determination of payment of this dividend to shareholders was after the Board taking into account the current cash and biological asset position of the Company. As future operating results may be affected by unforeseen circumstances, this dividend should not be regarded as indicative of a regular dividend.
About Imperial Ginseng Products Ltd.
The Company is an agricultural company that seeks to provide investors returns through the cultivation and processing of North American ginseng in Ontario and the marketing of its roots primarily to Asia.
ON BEHALF OF THE BOARD OF DIRECTORS
“Stephen McCoach”
Chief Executive Officer and Director
For additional information, please contact Stephen McCoach at:
Imperial Ginseng Products Ltd.
Suite 3030, 650 West Georgia Street, Vancouver, BC V6B 4N7
Tel: (604) 689-8863
Email: info@imperialginseng.com
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking” statements, including statements with respect to future purchases of common shares by the Company. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligations to update or revise them to reflect new events or circumstances.
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.