JERSEY, Channel Islands, United
Kingdom, Nov. 28, 2013 /CNW/ -
(TSXV - WMI) - Whetstone Minerals Ltd. ("Whetstone") is
informing current and prospective shareholders of the "Due Bill"
trading requirements in relation to the special dividend of
U.S.$0.0115 per share announced on
November 26, 2013.
With reference to Whetstone's announcement of
November 26, 2013 of the declaration
of a special dividend of U.S.$0.0115 per share (the "Special
Dividend") to be paid on December 11, 2013 ("Payment
Date") to shareholders of record as at the close of business
on December 6, 2013 (the "Record Date"), the
Special Dividend will be subject to the "Due Bill" trading
requirements mandated by the TSX Venture Exchange (the
"TSXV"). Because the amount of the Special Dividend
represents a distribution of greater than 25% of the stock price of
Whetstone on the declaration date, the TSXV has required that the
common shares shall trade on a "Due Bill" basis from December
4, 2013 until the close of trading on the Payment Date. This
means that sellers of common shares in trades settled after the
Record Date and entered into on or before the Payment Date shall
also sell their entitlement to the Special Dividend to the
respective purchasers of such common shares. The common shares will
commence trading on an ex-distribution basis (i.e. without an
attached "Due Bill" entitlement to the Special Dividend) from the
opening of trading on December 13,
2013 (i.e. the next trading day after the Payment
Date).
About Whetstone Minerals Ltd.: Whetstone's
common shares are listed on the TSX Venture Exchange under the
trading symbol "WMI". Whetstone's website address is
www.whetstoneminerals.com.
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 Whetstone Minerals Ltd.