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TORONTO, March 5, 2021 /CNW/ - Geodrill Limited ("Geodrill" or the "Company") (TSX: GEO), a leading West African based drilling company, is pleased to announce today that the Board of Directors have declared a semi-annual dividend of CAD$0.01 per share. The first dividend is payable on April 9, 2021 to the shareholders of record at the close of business on March 26, 2021. This dividend does not qualify as an 'eligible dividend' for Canadian income tax purposes as the Company is incorporated in the Isle of Man.
The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors.