KAHNAWAKE COVID-19 RELIEF FUND RECEIVES $1 MILLION FROM MOHAWK ONLINE
04/08/2020
The Mohawk Council of Kahnaw�:ke (�MCK�) and Mohawk Online Limited (�MOL�) are pleased to announce that the Kahnaw�:ke Economic Relief Measures Fund will be receiving a significant boost to aid in the efforts to help the community during this challenging time. MOL has declared an emergency dividend to MCK in the amount of $1 Million�all of which will be directed to the Fund.
MOL, operator of the Sports Interaction egaming brand, was established by the MCK to provide socio-economic benefits to the community of Kahnaw�:ke. The declaration of this dividend is perfectly aligned with the MOL�s mandate to provide socio-economic benefits to the community of Kahnaw�:ke, particularly during a time of urgent need.
�Mohawk Online contributes millions of dollars a year to Kahnaw�:ke�s public finances,� said Grand Chief Joseph Tokwiro Norton. �These emergency funds from Mohawk Online will be of tremendous assistance to help community members with their health, safety and economic needs. MCK is grateful to Mohawk Online�s Board of Directors for its unanimous and unequivocal support.�
�Mohawk Online was formed to provide economic benefits for the community of Kahnaw�:ke� said CEO, Dean Montour. �We are proud to be part of the on-going efforts being made to assist community members during this difficult time in our history. This is why we do what we do.�
Prior to declaring the emergency dividend, MOL received legal and financial advice to ensure the dividend would not adversely affect the company�s solvency and MOL would remain a going concern.
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