LAS VEGAS, July 7, 2014 /PRNewswire/ - (PINK OTC: ORFG)
("Orofino Gold" or the "Company") Updates Shareholders on
restricted common share dividend to all shareholders of record as
of April 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 of record who held their stock through
April 15, 2014 is eligible to receive
their dividend.
For example if a shareholder was holding 500,000 shares of ORFG
common shares through April 15, 2014
then that shareholder will receive an additional 50,000 shares of
ORFG restricted stock. The transfer agent will determine through
the DTC the shareholders of record who are eligible to receive the
dividend after April 14, 2014.
The company has filed the name change, request for new symbol
and dividend related documents with Finra and is waiting for the
totals on all shareholder of record from Finra. As soon as the
company receives the information that information will be
disseminated to Island Stock Transfer. The dividend cannot be paid
out until this information is received. It has come to the
attention of the company that several shareholders have been
calling the transfer agent for their dividend. We ask our
shareholders to refrain from calling the transfer agent until we
announce that the dividend information has been distributed to
Island Stock Transfer agent for your dividend. We will update our
shareholders through a press release once
received..
The Board of Directors of the company has approved the dividend
and the company is paying this dividend as a thank you to all
shareholders who have stayed with the company long term. We would
like to apologize to our shareholders for the delay in getting this
dividend paid but assure you it will be finalized and completed.
.
Forward-Looking Statements
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 Bakken Energy Corp.