Replies to post #48 on Matachewan Consolidated Mines Ltd (MCM.A)

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Press Release: Matachewan Consolidated Mines, Limited Announces Dividend

Matachewan Consolidated Mines, Limited Announces Dividend

TORONTO, ONTARIO--(Marketwired - July 6, 2015) - Matachewan Consolidated Mines, Limited (TSX VENTURE:MCM.A) is pleased to announce the declaration of a dividend in the amount of $0.03 per common share, payable on July 30, 2015 to shareholders of record on July 23, 2015, the ex dividend date will be July 21, 2015.

It is the current intention of the company to continue to pay dividends, the amounts and the payment dates, to be determined after a review of cash available from oil and gas operations, continuing royalty payments, and investment income.