Battle Mountain Gold Posts Common And Preferred Dividends.HOUSTON--(BUSINESS WIRE)--July 11, 1997--Battle Mountain Gold Co. (NYSE NYSE See: New York Stock Exchange :BMG/TSE:BMC) has declared a semi-annual dividend on its common stock of 2.5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , payable Aug. 15, 1997 to shareholders of record on Aug. 1, 1997. An identical dividend will be paid by the company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Battle Mountain Canada Ltd., on its common stock, which is exchangeable for common stock of the company. In addition, BMG's board has declared a quarterly dividend on the company's convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". of 81.25 cents per share, payable Aug. 15, 1997 to shareholders of record on Aug. 1, 1997. CONTACT: Battle Mountain Gold Les Van Dyke, 713/653-7248 |
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