McChip Resources Inc.
TSX VENTURE : MCS

April 25, 2007 15:20 ET

McChip Resources Announces Increase in Dividends for 2007

TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) - McChip Resources Inc. (TSX VENTURE:MCS) is pleased to announce the declaration two dividends in the amount of $0.05 each, per common share, the first of which is payable on May 30, 2007 to shareholders of record on May 23, 2007, the ex dividend date will be May 18, 2007. The second of which is payable on November 29, 2007 to shareholders of record on November 22, 2007, the ex-dividend date will be November 20, 2007.

It is the current intention to continue to pay dividends on a bi-annual basis, the amounts and the payment dates, to be determined after a review of cash available from oil and gas operations and investment income.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Contact Information

  • McChip Resources Inc.
    Edward G. Dumond
    Secretary Treasurer
    (416) 364-2173
    (416) 364-0193 (FAX)