TORONTO, Oct. 16, 2025 (GLOBE NEWSWIRE) — Altai Resources Inc. (TSXV: AIT) (“Altai” or the “Company”) announced today that, pursuant to the Company’s press release dated September 4, 2025 regarding the announcement by the Company’s board of directors 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 through a return of capital. The total amount paid by the Company under the Special Cash Distribution was approximately $3.4 million, which was funded by the Company's cash and cash equivalents. As of today, the Company has approximately $0.7 million of cash and cash equivalents remaining, or approximately $0.013 per common share, based on a total of 56,033,552 shares of common stock issued and outstanding. Today the Company has no debts.
ABOUT COMPANY
Altai Resources Inc. is a resource company based in Toronto, Ontario, with a Canadian investment portfolio consisting of cash and cash equivalents. Additional information about the Company can be found on SEDAR+ at: www.sedarplus.ca and on the company website at www.altairesources.com.
For more information contact:
Kursat Kachira, Chairman and CEO/President
T: (647) 282-8324, E: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policy TSX Venture Exchange) accepts responsibility For That adequacy or the accuracy of this press release.
