Capital Hill Stock Dividend Effective
June 08 2005 - 4:00PM
Business Wire
Capital Hill Gold, Inc. (OTCBB:CHGI) announces that its common
stock dividend has been effected at the opening of business today.
The stock dividend of three (3) additional shares of common stock
for each one share owned has been reflected in trading prices as of
today on the OTC Bulletin Board. The record date for shareholders
who own the shares in their own name is at the close of business on
May 31, 2005. The payment date for the common stock dividend is set
for June 7, 2005. On the opening of business on June 8, 2005 the
common stock will trade ex dividend. Persons who purchase CHGI
common stock on the OTC Bulletin Board on or before June 7, 2005
will receive the stock dividend. The stock dividend should be
credited to the shareholder's account within a few days of June 7,
depending on their broker's procedures. Persons who purchase shares
on or after June 8 will not be entitled to receive the dividend.
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. 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-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.
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