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$1.7 Million Dividend Officially Declared

01/28/2008

The Mohawk Council of Kahnawá:ke would like to clarify information released to the community last week. On Friday, 25 Tsothohrkó:wa/January Onkwawista Limited, which holds a 40% interest in Continent 8 Technologies PLC on behalf of Kahnawá:ke, officially declared a dividend of $1.7 million to the Mohawk Council of Kahnawá:ke.

The dividend was not unexpected; these monies have already been pre-budgeted and allocated to the following organizations/projects: 1) Kateri Memorial Hospital Center renovation/expansion project, 2) Kanien’kehaka Onkwawén:na Raotitiohkwa, 3) Kahnawá:ke Fire Brigade, 4) Kahnawá:ke Survival School renovation/expansion, 5) Library operations and new building preparation, 6) Sports Complex refrigeration system repair/replacement, 7) Kahnawá:ke Youth Center.

“These own-source dollars are used for projects that would have otherwise been difficult or impossible to fund,” said Grand Chief Michael Ahríhrhon Delisle, Jr. “We cannot stress how important it is to create and maintain this type of income that allows us more flexibility in addressing the community’s needs.”

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