Geodrill Limited T.GEO

INCREASE OF SEMI-ANNUAL DIVIDEND TO CAD$0.03

[Betteryear2]

Also announces change to board of directors

TORONTO, March 4, 2022 /CNW/ - Geodrill Limited ("Geodrill" or the "Company") (TSX: GEO), a leading West African based drilling company, today announced that the Board of Directors has declared a semi-annual dividend. The semi-annual dividend, in the amount of CAD$0.03 per share, is payable on April 8, 2022 to the shareholders of record at the close of business on March 18, 2022.   The current semi-annual dividend has been increased from CAD$0.01 to CAD$0.03 reflecting the financial performance of Geodrill and our commitment to recognize and return capital to our long-term shareholders. This dividend does not qualify as an "eligible dividend" for Canadian income tax purposes as the Company is incorporated in the Isle of Man. The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors.

[waldenpawned111]

A rare positive news release on a Friday afternoon! Bodes well for Monday's earnings report. I think this is early going in what's shaping up to be a powerful, sustained run for drilling companies. Good luck, all!

[profitprophet1]

I hope you're right. I Thoreau-lly agree with your outlook.

[waldenpawned111]

Touche, my friend. I went into Geodrill because I wished to live profitably... Waldenpawned

[ubiquitousman]

"I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived. I did not wish to live what was not life, living is so dear; nor did I wish to practise resignation, unless it was quite necessary. I wanted to live deep and suck out all the marrow

[waldenpawned111]

I bet I've gone through 50 copies of that book - each given to a student in need. There are probably just as many kids today that cherish that book as there were in "our day"; it's just that lovers of that kind of writing/ thinking, by definition, tend not to get a lot of run on ersatz forums like Snapchat and Instagram. Take care, Walden