The Prospector News

Winshear to Pay CDN $0.25 Per Share Return of Capital

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Winshear to Pay CDN $0.25 Per Share Return of Capital

 

 

 

 

 

Winshear Gold Corp. (TSX-V: WINS) reports that the Board of Directors has decided, in light of the US$30 million settlement reached with Government of the United Republic of Tanzania (see news release dated October 16, 2023), to make a Return of Capital payment to shareholders of CDN $0.25 per Winshear common share. The Record Date (set at close of business on that date) and the Payment Date for the distribution are as follows:

 

RECORD DATE Thursday, November 23, 2023  
PAYMENT DATE Friday, December 8, 2023  

 

This payment will be in Canadian dollars unless otherwise determined by the Company and by way of a return of capital. The tax consequences of the return of capital will be dependent on the particular circumstances of each shareholder.

 

Richard Williams, CEO of the Company, stated; “This is the appropriate thing to do for our shareholders who have stood by the Company through some challenging times. The return of capital will make up for some of the losses incurred by shareholders as a result of the expropriation of the SMP Gold Project in Tanzania. It will allow us to retain sufficient capital to complete a first pass drill programme at the Gaban Gold Project in Peru in the second quarter of 2024, after the coming rainy season ends.”

 

About Winshear Gold Corp.

 

Winshear Gold Corp. is a Canadian-based minerals exploration company advancing the Gaban Gold Project in the Puno region of Peru. Gaban is a possible hard-rock source for the modern-day alluvial gold rush underway in the Madre de Dios basin downstream

Posted October 26, 2023

Share this news article

MORE or "UNCATEGORIZED"


FIRST QUANTUM ANNOUNCES CLOSING OF $1,150 MILLION BOUGHT DEAL OFFERING, CLOSING OF $1,600 MILLION SENIOR SECURED SECOND LIEN NOTES OFFERING AND UPDATE ON COMPREHENSIVE REFINANCING

First Quantum Minerals Ltd. (TSX: FM) announced that it has compl... READ MORE

February 29, 2024

VIZSLA SILVER ANNOUNCES CLOSING OF $34.5 MILLION BOUGHT DEAL FINANCING

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3)... READ MORE

February 29, 2024

New Found Makes New Discovery With 35 g/t Au Over 17m Including 1,910 g/t Au Over 0.3m at “Vegas Zone”

New Found Gold Corp.  (TSX-V: NFG, NYSE-A: NFGC) is pleased to a... READ MORE

February 29, 2024

Treasury Metals Announces Results from Drilling on Far East Target at the Goliath Gold Complex

Highlights: Continuity of near surface, Goliath-style alteration ... READ MORE

February 29, 2024

Guanajuato Silver Increases Size of Gold Loan Credit Facility to US$13.3M

Guanajuato Silver Company Ltd. (TSX–V:GSVR) (OTCQX:GSVRF) i... READ MORE

February 29, 2024

Copyright 2024 The Prospector News