Business
Global Railway Industries Ltd. Declares Interim Distribution of $0.40 per Common Share
Stock Symbol: GBI.H Listing: NEX Outstanding Shares: 15.3 Million Web Site: www....
About this update from Greenrise Global Brands Inc
[{"type":"text","content":"\n\n\n\n\n\nStock Symbol: GBI.H \nListing: NEX\nOutstanding Shares: 15.3 Million\nWeb Site: www.globalrailway.com\n\n\nLACHINE, QC, April 26, 2012 /CNW/ - Global Railway Industries Ltd. (GBI.H:NEX):  Global Railway Industries Ltd., www.globalrailway.com, announced today that its board of directors has declared an interim\n distribution to shareholders of $0.40 per common share in connection with the wind-up of Global.  The\n distribution will be made as a return of capital to shareholders of\n record on May 7, 2012.  The distribution will be payable on May 14,\n 2012.\n\n\nThe wind-up of Global was approved by shareholders at the special\n meeting held on August 30, 2011 and by the board of directors on\n October 13, 2011.  On November 2, 2011, Global paid an initial\n distribution to shareholders of $1.00 per common share.  As previously\n announced, Global intends to distribute the remainder of its available\n cash, if any, to shareholders in one or more further instalments as its\n liabilities and contingent obligations are settled.  The amount and\n timing of any future distributions have yet to be determined.\n\n\nShareholders of Global should consult with their tax advisors as to the\n tax consequences of the distribution that will be made on May 14, 2012,\n as well as any subsequent distributions.\n\n\nForward-Looking Statements:  This press release contains forward-looking information pertaining to\n Global's intention to distribute the remainder of its available cash to\n shareholders.  The amount, if any, available for distribution and the\n timing of any future distributions are subject to substantial known and\n unknown risks and uncertainties, many of which are beyond Global's\n control.  Should one or more of these risks or uncertainties\n materialize, or should assumptions underlying the forward-looking\n information prove incorrect, actual results could vary materially from\n those expressed or implied by the forward-looking information. \n Accordingly, you should not place undue reliance on these\n forward-looking statements.  A description of risk factors that may\n cause actual results to differ materially from forward-looking\n information can be found under the caption \"Business Risks\" in Global's\n management discussion and analysis for the year ended...