Cotton & Western Mining, Inc. -- CWRN 6:1 Stock Dividend Rescheduled Payment Date
November 05 2008 - 9:45AM
Marketwired
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) -- Cotton
& Western Mining, Inc. announced on October 30, 2008 that the
majority shareholders and the Board of Directors had finalized
reorganization of equity and that the Board of Directors had
approved a 6:1 stock dividend of the Company's common stock. Each
shareholder of record at the close of business on November 20, 2008
will receive five (5) additional restricted shares for every
outstanding share held as of the date thereof. The original payment
date for the additional shares was to be on November 30, 2008;
however, that date fell on a Sunday; therefore, the rescheduled
payment date shall be on Monday, December 1, 2008 with distribution
of the new shares to also occur on December 1, 2008. Shareholders
will be credited automatically by the company's transfer agent, and
shareholders will have their certificates sent directly to them by
the transfer agent.
Outstanding common shares pre-dividend: 5,850,294
Outstanding common shares post-dividend: 35,101,764
The Board of Directors believes that this action will increase
shareholder value and create more trading liquidity.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the
forward-looking matters discussed in this news release are subject
to certain risks and uncertainties which could cause the Company's
actual results and financial condition to differ materially from
those anticipated by the forward-looking statements including, but
not limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties
related to corporate partners or third-parties, product liability,
the dependence on third parties for manufacturing and marketing,
patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other
risks indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events.
Contact: Cotton & Western Mining, Inc. 363 North Sam Houston
Parkway East Suite 1100 Houston, Texas 77060 USA
www.cottonwestern.com +1(281)820-7815
Cotton and Western Mining (GM) (USOTC:CWRN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cotton and Western Mining (GM) (USOTC:CWRN)
Historical Stock Chart
From Jul 2023 to Jul 2024