Big pay day for Billis and Tribune shareholders

ENIGMATIC gold company Tribune Resources is to cash out its gold holdings and pay shareholders about $175 million in fully franked dividends, with the company’s boss and major shareholder Anton Billis looking in line to enjoy a bonanza pay day.

Big pay day for Billis and Tribune shareholders Big pay day for Billis and Tribune shareholders Big pay day for Billis and Tribune shareholders Big pay day for Billis and Tribune shareholders Big pay day for Billis and Tribune shareholders

Special dividend totalling $175 million declared

Tribune reported selling about $250 million worth of bullion, with the company set to retain an undisclosed amount of cash after paying tax on the sale and the special dividend to shareholders.