PURA Announces Dividend Declaration Date And Anticipated Date Of Record
August 07 2020 - 10:48AM
InvestorsHub NewsWire
Dallas, TX -- August 7, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced plans for a formal declaration of a
dividend distribution this coming Monday, August 10, 2020.
The dividend declaration is expected to be announced the following
day, on Tuesday, August 11, 2020. The plan is for the
dividend distribution date of record, or the day on which a
shareholder must own stock to be eligible for the dividend to
promptly follow the declaration date. The declaration date is
subject to regulatory approval and the specific date will be
released accordingly. The plan is also to pay the dividend
promptly. The payment execution is subject to the payment
process which involves the transfer agent(s) for the distributed
stock and the broker network.
The planned dividend distribution to PURA
shareholders results from the recent sale of PURA’s cannabis
cultivation operation to PAO Group, Inc. (USOTC:
PAOG).
The cannabis cultivation operation was
sold last week in exchange for PAOG common stock. The stock
is slated to be distributed to PURA shareholders in a dividend
distribution. The planned distribution ratio is 1 for
1. Accordingly, PURA shareholders will receive one share of
PAOG stock in exchange for every PURA share
held.
For more
information on Puration, visit https://www.purationinc.com
Disclaimer/Safe
Harbor:
This news
release contains forward-looking statements within the meaning of
the Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur. These statements have not been evaluated by the Food and
Drug Administration. These products are not intended to diagnose,
treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
PAO (PK) (USOTC:PAOG)
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