Capital Hill Declares Stock Dividend
May 25 2005 - 2:13PM
PR Newswire (US)
Capital Hill Declares Stock Dividend DENVER, May 25
/PRNewswire-FirstCall/ -- Capital Hill Gold, Inc. (OTC:CHGI)
(BULLETIN BOARD: CHGI) announces a stock dividend on its common
stock for shareholders of record at the close of business on May
31, 2005. Each holder of one share of Capital Hill Gold on the
record date shall be entitled to receive three (3) additional
shares of common stock. For example, if a holder owns a round lot
of 100 shares he or she shall receive 300 additional shares. The
payment date for the common stock dividend is set for June 7, 2005.
The purpose of the stock dividend is to provide to shareholders
improved liquidity in Capital Gold's common stock. Under Internal
Revenue Code Section 305(a), the receipt of the stock dividend will
not result in the imposition of US federal income taxes.
Shareholders will only need to adjust their tax basis in their
shares on a pro-rata basis. About The Company Capital Hill Gold's
strategic objective is to obtain controlling interests in
properties with excellent exploration potential to become
economically significant to world-class ore deposits. CHGI intends
to acquire mineral exploration properties primarily through the
filing of concessions on its own account and in partnership as well
as by optioning exceptional properties at reasonable costs relative
to the property's potential and the financial capabilities of the
company. On behalf of Capital Hill Gold, Inc. Dan Enright,
President This press release contains statements which may
constitute "forward-looking statements" within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-looking statements include fluctuation of operating
results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results. This release was issued on
behalf of the above organization by Send2Press(TM), a unit of
Neotrope(R). http://www.send2press.com/ DATASOURCE: Capital Hill
Gold, Inc. CONTACT: Investor Relations, Roseanna Bach,
+1-303-825-3382, for Capital Hill Gold, Inc., Denver Web site:
http://www.send2press.com/
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