TORTOLA, British Virgin
Islands, Sept. 8, 2021 /CNW/ -
Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the
"Company" or "Sailfish") is pleased to announce that
the Board of Directors have adopted a dividend policy for the
Company under which the Company intends to pay quarterly dividends
of US$0.0125 per common share. The
first quarterly dividend of US$0.0125
per common share will be payable on October
15, 2021 to Sailfish shareholders of record as of the close
of business on September 30, 2021.
The dividend policy will be reviewed on an annual basis.
Cesar Gonzalez, Chief Executive
Officer of Sailfish states that, "Sailfish has always been focused
on returning capital to shareholders. Since July 2019, the Company has repurchased
approximately 7.6 million shares as part of three consecutive
normal course issuer bids. Following the recent monetization of the
NSR on Tocantinzinho and the declaration of commercial production
at San Albino, where the Company has a gold stream equivalent to a
3% NSR, Sailfish is proud to be declaring an inaugural quarterly
dividend. At today's prices the dividend represents an
approximately 5% yield on an annual basis, which is well above
industry standards and consistent with the Company's focus of
returning capital to shareholders."
About Sailfish
Sailfish is a precious metals royalty and streaming company.
Within Sailfish's portfolio are two main assets in the Americas: a
gold stream equivalent to a 3% NSR on the San Albino gold mine
(~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq. km)
surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the
multi-million ounce Spring Valley
gold project in Pershing County,
Nevada.
Sailfish is listed on the TSX Venture Exchange under the symbol
"FISH" and on the OTCQX under the symbol "SROYF". Please visit the
Company's website at www.sailfishroyalty.com for additional
information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary statement regarding forward–looking
information
Certain disclosures in this release constitute
"forward-looking information" within the meaning of Canadian
securities legislation. Forward-looking statements are statements
that are not historical facts and are generally, but not always,
identified by words such as the following: expects, plans,
anticipates, believes, intends, estimates, projects, assumes,
potential and similar expressions. Forward-looking statements also
include reference to events or conditions that will, would, may,
could or should occur, including, without limitation, statements
regarding the Company's dividend policy and the Company's intention
to pay a quarterly dividend. In making the forward-looking
statements in this news release, the Company has applied certain
factors and assumptions that the Company believes are reasonable,
including that the Company's financial position will allow it to
pay quarterly dividends in accordance with the dividend policy.
However, the forward-looking statements in this news release
are subject to numerous risks, uncertainties and other factors that
may cause future results to differ materially from those expressed
or implied in such forward-looking statements, including without
limitation: that a quarterly dividend will not be payable in
accordance with the dividend policy or at all. There can be no
assurance that such statements 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 statements and
forward-looking information. Readers are cautioned that reliance on
such information may not be appropriate for other purposes. The
Company does not undertake to update any forward-looking statement,
forward-looking information or financial out-look that are
incorporated by reference herein, except in accordance with
applicable securities laws.
SOURCE Sailfish Royalty Corp.