American Gilsonite Company, Former Division of Chevron, Announces Initiation of Quarterly Cash Dividend.BONANZA, Utah -- The corrected release reads AMERICAN GILSONITE COMPANY, FORMER DIVISION OF CHEVRON, ANNOUNCES INITIATION OF QUARTERLY CASH DIVIDEND American Gilsonite Company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGTC AGTC Advanced Airport Ground Traffic Control System ) announced today that its Board of Directors voted on Sept. 27, 2004 to initiate a quarterly cash dividend and approved a cash dividend of $0.01 per share, payable on November 15, 2004 to shareholders of record as of Oct. 15, 2004. Established in 1904, American Gilsonite Co. controls the world's largest known reserves of Gilsonite(R) resin. Gilsonite(R) is a non-hazardous, naturally occurring hydrocarbon resin found in western Colorado and eastern Utah. It is primarily used in printing inks, foundry sands, oil and gas well drilling Well drilling is the process of drilling a hole in the ground for the extraction of a natural resource such as ground water, natural gas, or petroleum. Drilling for the exploration of the nature of the material underground (for instance in search of metallic ore) is best described muds and oil well cements, asphalt asphalt (ăs`fôlt, –fălt), brownish-black substance used commonly in road making, roofing, and waterproofing. Chemically, it is a natural mixture of hydrocarbons. , building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , and paints and protective coatings. The company currently markets its products in over 35 countries. American Gilsonite Company is a former wholly-owned subsidiary of Chevron Resources Company. RECORD DATE: Oct. 15, 2004 PAY DATE: Nov. 15, 2004 DIVIDEND: $0.01 per common share www.americangilsonite.com |
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