STT.v +.02 to C$.26
Looks like they will implement a dividend. Should make the stock more attractive. Earned .012eps last qtr.
TORONTO, ON--(Marketwired - October 22, 2015) - Further to the Notice of Meeting and Record Date filed on SEDAR on August 21, 2015, STT Enviro Corp. ("STT" or the "Company") (TSX VENTURE: STT) held a special meeting of shareholders today.
The purpose of the meeting was to put the Company in a position to implement a dividend policy in the future through a reduction in the Company's stated capital by an amount equal to the balance of the Company's retained earnings deficit at December 31, 2014. Of the votes cast, 99.3% were cast in favour of the resolution, and the Company may now reduce both its stated capital and deficit by up to $14,033,620, resulting in no change to total shareholders' equity, and thereby bring the Company into compliance with the Canada Business Corporations Act provisions to permit it to pay dividends.
About STT Enviro Corp.
STT Enviro Corp. (TSX VENTURE: STT) supplies cost-effective, incremental, environmental improvements to traditional industrial products. The Company's two operating groups, STT Enviro Corp Systems & Solutions and STT Enviro Corp Tanks & Industrial, work to reduce their customers' environmental footprint, cost efficiently.
STT Enviro Corp Systems & Solutions engineers and supplies chemical make-down systems to neutralize pollutants (usually acid water) created in the ore or oil recovery process; and aftermarket services including optimization of chemical use for our customers to lower costs and reduce their carbon footprint.
STT Enviro Corp Tanks & Industrial engineers and supplies bolted tanks with a smaller environmental footprint for both dry and liquid storage applications.
Environmental considerations are prerequisites in modern industrial expansion and STT Enviro Corp. is focused on being a leader and innovator on incremental environmental improvements. The Company's strategy is to grow organically and, longer term, to acquire companies at prices which are strategically and financially accretive.
For more information, please visit our website at www.sttenvirocorp.com.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
