Orofino Gold Corp: The Company Announces Major Stock Dividend to All Common Shareholders
LAS VEGAS, July 31, 2013 /PRNewswire/ - Orofino Gold Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the board of directors have approved a restricted stock dividend to all shareholders of record as of September 15, 2013.
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 September 15, 2013 to be eligible to receive their dividend.
For example if a shareholder is holding 500,000 shares of ORFG common shares through September 15, 2013 then that shareholder will receive an additional 50,000 shares of ORFG restricted stock. The transfer agent will determine through DTCC (Depository Trust Company) the and shareholders of record who is eligible to receive the dividend after September 15, 2013. 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 paying this dividend as a thank you to all shareholders who have stayed with the company long term. The company is working on several exciting developments and is focused on increasing its assets and revenue base to increase shareholder value. This dividend is the first step in this process.
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.