Skip to main content

Altai Announces Completion of Special Cash Distribution to Shareholders

Altai Resources Inc. - GlobeNewswire - Thu Oct 16, 2025

TORONTO, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that further to the Company’s news release dated September 4, 2025 regarding the declaration by the board of directors of the Company of a special cash distribution of $0.06 per common share (the “Special Cash Distribution”), the Company has completed the payment of the Special Cash Distribution by way of a return of capital. The total amount paid by the Company for the Special Cash Distribution was approximately $3.4 million, which was funded from the Company’s cash and cash equivalents. As of today’s date, the Company has approximately $0.7 million of cash and cash equivalents remaining, or approximately $0.013 per common share based on the total issued and outstanding common shares of 56,033,552. As of today’s date, the Company is debt-free.

ABOUTTHE COMPANY
Altai Resources Inc. is a Toronto, Ontario based resource company with a Canadian investment portfolio comprised of cash and cash equivalents. Additional information about the Company is available on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.altairesources.com.

For further information, please contact:
Kursat Kacira, Chairman & CEO/President
T: (647) 282-8324, E: kursatkacira@altairesources.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in thepoliciesof the TSXVenture Exchange) accepts responsibilityfortheadequacyor accuracy of this news release.


Primary Logo

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).