LAS VEGAS, Jan. 17, 2014 /PRNewswire/ - Orofino Gold Corp. ( OTC: ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the board of directors have approved an extension of restricted stock dividend to all shareholders of record as of March 15, 2014.
The restricted stock dividend will be paid in the following manner. For every 10 shares that a shareholder owns of ORFG they will be paid 1 additional share of restricted stock of ORFG stock. Each shareholder has to hold their shares of ORFG stock through the shareholder of record date of March 15, 2014 to be eligible to receive their dividend.
For example if a shareholder is holding 1,000,000 shares of ORFG common shares through March 15, 2014 then that shareholder will receive an additional 100,000 shares of ORFG restricted stock. The transfer agent will determine through DTCC (Depository Trust Company) the shareholders of record who are eligible to receive the dividend after March 15, 2014. The company will give information after the shareholder of record date as to how to receive your dividend from Island Stock Transfer Agent.
The company is extending the previous dividend due to change of business plans for the company which were delayed from last summer. The paying of this dividend is a commitment to the company's shareholders to stay with the company long term and to share in the growth of the company which is expected to be remarkable. The company will announce its first acquisition next week.
These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
SOURCE Orofino Gold Corp.