BRIEF-Gamehost Inc - Announces revised dividend policy

Wed May 11, 2016 9:57am EDT
 
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May 11 (Reuters) - Gamehost Inc

* Gamehost Inc - Announces revised dividend policy and declared dividends for may 2016 and june 2016

* Gamehost Inc - Corporation's boomtown casino in fort mcmurray remains closed until further notice

* Gamehost Inc - Not aware of any direct fire or other damage to boomtown casino

* Gamehost Inc - At this time we cannot, with any certainty, project a reopening date or when we might return to full operations

* Gamehost Inc - Boomtown casino is fully insured with property and business interruption coverage for a period of 18 months

* Gamehost Inc - Has initiated an insurance claim in anticipation of losses at Boomtown casino and is currently in discussions with insurer

* Gamehost Inc - Board have declared a regular cash dividend for month of May 2016 at historical rate of $0.0733 (CDN$) per common share

* Gamehost Inc - Has further declared a regular cash dividend for month of June 2016 at a going forward rate of $0.0575 (CDN$) per common share

* Gamehost Inc - Reduced dividend will allow corporation to act on its normal course issuer bid Source text for Eikon: (Bengaluru Newsroom; +1 646 223 8780)