Sailfish Royalty Declares Q1 2025 Dividend and Announces Dividend Reinvestment Plan
Sailfish Royalty Declares Q1 2025 Dividend
and Announces Dividend Reinvestment Plan
Tortola, British Virgin Islands--(Newsfile Corp. - February 25, 2025) - Sailfish Royalty Corp. (TSXV:
FISH) (OTCQX: SROYF) (the "
Company
" or "
Sailfish
") is pleased to announce that its Board of
Directors has declared the Company's first quarterly cash dividend for 2025 in the amount of US$0.0125
per common share that will be payable on April 15, 2025 to Sailfish shareholders of record as of the
close of business on March 31, 2025.
The declaration, timing, amount, and payment of future dividends will be subject to the discretion and
approval of the Board of Directors. The Company will review the dividend policy on an ongoing basis
and may amend it at any time depending on the Company's then current financial position, capital
allocation framework, profitability, cash flow, legal requirements and other factors considered relevant.
As such, no assurances can be made that any future dividends will be declared and/or paid. Dividend
payments may be subject to withholding taxes.
The Company is also pleased to announce that it has implemented a Dividend Reinvestment Plan (the
"
DRIP
").
The DRIP will provide Canadian and Non-US Sailfish shareholders with the opportunity to have the cash
dividends declared on all or some of their common shares automatically reinvested into additional
common shares of the Company (the "
Reinvestment Shares
") on an ongoing basis. Participation in
the DRIP is optional and will not affect shareholders' cash dividends unless they elect to participate in the
DRIP. Dividends are only payable as and when declared by the Company's Board of Directors. The total
number of shares currently reserved under the DRIP for issuance is 7,093,396, being 10% of Sailfish's
current issued and outstanding share capital.
Participants in the DRIP will acquire Reinvestment Shares issued from the Company's treasury (a
"
Treasury Purchase
") at a price equal to the volume weighted average price of the Company's
common shares on the TSX Venture Exchange for the five (5) consecutive trading days immediately
preceding a dividend payment date (the "
Average Market Price
").
To participate in the DRIP, registered shareholders must deliver a properly completed enrollment form to
Computershare Trust Company of Canada (the "
Agent
") by no later than 4:00 p.m. (Vancouver time) on
the fifth business day before a dividend record date. Beneficial shareholders who wish to participate in
the DRIP should contact their financial advisor, broker, investment dealer, bank, financial institution or
other intermediary through which they hold common shares to inquire about the applicable requirements,
enrolment deadline and to request enrolment in the DRIP. The Company will be responsible for the
administrative costs of the DRIP, including the fees or other expenses of the Agent payable in
connection with the acquisition of Reinvestment Shares under the DRIP. Beneficial shareholders who
wish to participate in the DRIP through their financial advisor, broker, investment dealer, bank, financial
institution or other intermediary should consult that intermediary to confirm what fees, if any, the nominee
may charge to enroll in the DRIP on their behalf or whether the nominee's policies might result in any
costs otherwise becoming payable by the beneficial shareholder.
Participation in the DRIP does not relieve shareholders of any liability for taxes that may be payable in
respect of dividends that are reinvested in Reinvestment Shares. Shareholders should consult their tax
advisors concerning the tax implications of their participation in the DRIP having regard to their particular
circumstances.
Certain insiders of Sailfish are expected to participate in the DRIP; however, the specific amount is
unknown at this time.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any
jurisdiction nor will there be any sale of these securities in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws
of any such province, state or jurisdiction.
The foregoing is a summary of the key attributes of the DRIP. A complete copy of the DRIP and the
enrollment form will be available on the Agent's website at
www.investorcentre.com
. Shareholders
should carefully read the complete text of the DRIP before making any decisions regarding their
participation in the DRIP. For more information on how to enroll for registered shareholders or any other
inquiries, contact the Agent at +1 (800) 564-6253 (Canada) or +1 (514) 982-7555 (outside of North
America) or through the Agent's website at
www.investorcentre.com/service
.
About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three 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; an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County,
Nevada; and a 100% interest in the Gavilanes Silver Project located in Durango State, Mexico (currently
in the process of being converted into a 2% net smelter royalty).
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.
For further information
: Paolo Lostritto, CEO, tel. 416-602-2645 or Akiba Leisman, Executive
Chairman of the Board, tel. 203-862-7059.
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 Notes Regarding Forward-Looking Statements:
This release includes certain statements and information that may constitute forward-looking information
within the meaning of applicable Canadian securities laws. All statements in this news release, other
than statements of historical facts, are forward looking statements, including statements regarding the
expectation that that the Company will declare dividends that the shareholders can choose to use to
participate in the DRIP, and any anticipated future participation in the DRIP. Forward-Looking
statements are based on certain material assumptions and analysis made by the Company and the
opinions and estimates of management as of the date of this press release, including that the Company
will declare dividends that the shareholders can choose to use to participate in the DRIP, that certain
insiders will participate in the DRIP as expected by management. These forward-looking statements are
subject to known and unknown risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements or forward-looking information. Important
factors that may cause actual results to vary, include, without limitation that Company will not declare any
dividends, the DRIP will not be adopted by the Company and certain insiders will not participate in the
DRIP as expected by management or at all. Although management of the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in
forward-looking statements or 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 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 or forward-looking information contained herein, except in accordance with applicable
securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/242205