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Dividend Policy (as adopted by the Board of Directors on November 2, 2017)
A goal of Goldbelt is to provide a meaningful and increasing dividend to the common stock Shareholders of the Corporation. The Board of Directors has sole authority to determine the extent, if any, and timing of all Dividend payments. Management has responsibility to provide the Board with a recommendation based on the Corporations current and future financial position, objectives and priorities.
To establish the policy and standardize the approach to determining the value of an annual dividend, Elders Dividend and any special dividends the Board of Directors elects to provide to the Corporation Shareholders.
At the discretion of the Goldbelt, Inc Board of Directors it may elect to pay a Special Dividend which will be determined solely by the Board. Special Dividends are allowable on a limited basis and under the following conditions:
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