WILMINGTON, Del., March 23,
2012 /PRNewswire/ -- Auric Mining Company (OTC: AUMY)
announced today that, pursuant to a special meeting of the Board of
Directors held on March 20th, 2012,
the company has declared a stock dividend to all stockholders and
set the record date for stock dividends to be 5pm EDT, April
28th, 2012.
In anticipation of new growth opportunities and as a loyalty
benefit to all shareholders, the Board of AUMY has voted to pay all
shareholders on record a 3% stock dividend. 3 new Auric Mining
shares will be issued for every 100 owned.
The Ex-Dividend Date will be set at April
28, 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 April 28, 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 will be no later than one month after the Record Date.
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 anticipates additional announcements upon the
completion of agreements for new growth opportunities currently in
negotiation.
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
General Inquiries: 302-336-9736
Investor Relations: 302-269-3859
Email: info@auricminingcorp.com
SOURCE Auric Mining Company