WILMINGTON, Del., May 7, 2012 /PRNewswire/ -- Auric Mining Company (OTC: AUMY) announced that at a Special Meeting held on April 30, 2012 a majority of shareholders have passed a Resolution authorizing its Transfer Agent to issue and deliver the Stock Dividend announced March 20, 2012.
The Resolution declared May 14th, 2012 the Record date and May 18, 2012 the Distribution Date.
In anticipation of new growth opportunities and as a loyalty benefit to all shareholders, the Company had voted to pay all shareholders on record, a stock dividend of 0.03 shares for every share owned, meaning 3 new Auric Mining shares will be issued for every 100 owned.
The Ex-Dividend Date will be set at May 14th, 2012. For the purpose of clarity, the standard Ex-Dividend Date rules will apply. If a stockholder buys a dividend paying stock one day before the Ex-Dividend Date, you will still qualify for the Stock Dividend. However, if you buy on the published date of the Ex Dividend, in this case May 14th, 2012, the shares won't be eligible for the Stock Dividend. Conversely, if you want to sell a stock and still receive the dividend that has been declared, you need to sell on (or after) the Ex-Dividend Day.
The date of payment for the stock dividends to all qualifying shareholders has been set at May 18th, 2012. New share certificates will be mailed directly to all shareholders of record by the Company's Transfer Agent. In the interim, we advise all stockholders to contact their brokers to ensure their mailing information is updated and correct in order that stock certificates arrive at their proper destination.
The Company had previously announced its Acquisition Initiative has significantly advanced and the Company is pursuing various gold mining properties that would add in excess of $100,000,000 in potential revenues supported by a $20m Financial Guarantee provided by its Financial Banker partners.
The Company expects the confidentiality restrictions currently in place with the targeted acquisitions and/or partnerships will be lifted as the due diligence process is completed and will then be in a position to announce completion of specific acquisitions and/or partnerships that are currently in progress. Additionally, the Company will be announcing additional projected acquisition and partnerships shortly and a projected increase in its $20m Financial Guarantee.
The Company will continue to provide regular updates regarding progress and developments of its expanded business model.
About Auric Mining Co.
Auric Mining is an investment and management enterprise that acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. As part of its new growth initiative, the Company plans to acquire sector-specific technology and assets to be integrated into existing and future operations. Auric's primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies.
The Company has developed and maintains an extensive database of private and public natural resources companies which have substantial resources already proven. The Company is constantly seeking acquisition opportunities with significant exploration upside through purchase, joint venture or investment. With unparalleled instincts for successful mineral projects, a field-oriented management style and a flat organizational structure, the Company has an ability to concentrate its financial assets, human resources and field efforts to provide timely decisions and a continued focus on the most prospective targets. The company has a number of claims strategically located in this historic mining district. The Company believes its combination of profitability and mitigated-risk funding structures provides long-term shareholder equity appreciation. For more information please visit the company's website at www.auricminingcorp.com.
Forward-looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Auric Mining's stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
For more information contact:
Auric Mining Company
Investor Relations: 302-351-4977
Email: [email protected]
SOURCE Auric Mining Company
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