Cambior announces a semi-annual dividend payment.MONTREAL--(BUSINESS WIRE)--May 16, 1996--The board of directors of Cambior has approved a semi-annual dividend of US $0.052 per common share payable on June 28, 1996 to the shareholders of record at the close of business on June 7, 1996. Cambior traditionally pays dividends in June and December. The last semi-annual dividend payment was in December 1995 for an amount of Cdn $0.07 (US $0.0517). In conjunction with Cambior's transition to United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. dollar reporting as its currency of reporting for financial statement purposes, dividends will be declared in US dollars. However, dividend payments will be paid to Canadian residents in the equivalent amount in Canadian currency (Cdn $) by using the noon rate of the Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. on the record date unless the shareholder, by written notification to the Montr al Trust Company, requests payment in US dollars. Cambior is a major gold producer with operations and exploration activities in North and South America. Cambior shares and warrants are listed on the Montreal, Toronto and American (AMEX AMEX See: American Stock Exchange ) stock exchanges under the symbols CBJ CBJ Columbus Blue Jackets (NHL team) CBJ Central Bank of Jordan CBJ Conflict-Directed Backjumping CBJ Circuit Board Jack CBJ Code-Breakers Journal CBJ Class Broker for Java CBJ Color Bubble Jet and CBJ.WTA WTA Washington Trails Association WTA Women's Tennis Association WTA World Transhumanist Association WTA Willingness to Accept WTA Winner-Take-All WTA Winner Takes All WTA World Toilet Association (Singapore) . CONTACT: Cambior Inc. Henry A. Roy, 514/878-3461, (fax) 514/878-4608 or Robert LaValliere, 514/878-1282, (fax) 514/878-3324 or Victoria Putnam, 514/878-3166, (fax) 514/878-0635 INTERNET: http://www.cambior.com |
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