Business
Foraco International SA shareholders meeting declared a dividend of 0.053 euros
TORONTO, ON / MARSEILLE, France, April 16, 2012 /CNW/ - Foraco International SA (the "Compa...
About this update from Foraco International Sa
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, ON / MARSEILLE, France, April 16, 2012 /CNW/ - Foraco\n International SA (the \"Company\" or \"Foraco\"), a leading global provider\n of mineral drilling services, held today its general shareholders'\n meeting at 10 am in Marseille (France).\n\n\nThe Shareholders' meeting of Foraco International SA, voted at the\n required majority a dividend of 0.053 euros per common share to the\n holders of common shares at the record date of April 19, 2012.  The\n dividend will be paid on May 15, 2012.\n\n\nThe Shareholders' meeting also approved the acquisition of 51% of the\n share capital of the Brazilian company WFS Sondagem Ltda (\"Servitec\")\n and the share capital increase of the Company by issuance of 3,516,509\n new shares reserved to the Shareholders of Servitec.\n\n\nAbout Foraco International SA  \nForaco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a\n comprehensive and reliable service offering in mining and water\n projects. Supported by its founding values of integrity, innovation and\n involvement, Foraco has grown into the third largest global drilling\n enterprise with a presence in 23 countries across five continents. For\n more information about Foraco, visit www.foraco.com.\n\n\nCaution concerning forward-looking statements\n\n\nThis press release may contain \"forward-looking statements\" and\n \"forward-looking information\" within the meaning of applicable\n securities laws.  These statements and information include estimates,\n forecasts, information and statements as to management's expectations\n with respect to, among other things, the future financial or operating\n performance of the Company and capital and operating expenditures. \n Often, but not always, forward-looking statements and information can\n be identified by the use of words such as \"may\", \"will\", \"should\",\n \"plans\", \"expects\", \"intends\", \"anticipates\", \"believes\", \"budget\", and\n \"scheduled\" or the negative thereof or variations thereon or similar\n terminology.  Forward-looking statements and information are\n necessarily based upon a number of estimates and assumptions that,\n while considered reasonable by management, are inherently subject to\n significant business, economic and competitive uncertainties and\n contingenc...