Rostock Ventures Corp.: Proposing a 5-For-1 Forward Stock Split
(firmenpresse) - SAN DIEGO, CALIFORNIA -- (Marketwired) -- 11/21/13 -- Rostock Ventures Corp. (OTCBB: ROSV) wishes to announce that the Company's Board of Directors has voted to initiate a 5-for-1 forward split of the Company's common shares payable as a dividend to our shareholders. At this time the Board has not selected the record a firm date to implement the forward stock split, but once a final record date is established, it will be announced. The Company anticipates that the stock split will occur prior to the end of 2013. We have implemented the 5-for-1 forward stock split; the Company's common stock will begin trading on a split-adjusted basis and the shareholders of record as of the selected record date will then own five shares for every one share previously owned. For example, if you owned 10,000 shares at the close of the record date you will be entitled 50,000 shares after the split occurs.
Presently the Company has approximately 41,000,000 shares of its common stock issued and outstanding. The Board and management feel that forward splitting the shares will increase liquidity in the Company which will give our shareholders added value and thus enable the Company to seek potential new projects.
Our President and CEO, Greg Rotelli, stated, "This forward stock split is intended to reward our existing shareholders and should make our shares of common stock more attractive to a wider array of investors. We anticipate this may result in improved overall liquidity. Once we have fully implemented the forward stock split, we will endeavor to implement an an program centered around the Company's plan of operation and general business development, which we believe this will benefit our current shareholders."
Forward-looking statements
Some of the statements contained in this press release are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of exploration programs; competition from other exploration or mining companies; and the company's ability to obtain additional funding required to conduct its exploration activities. Please refer to the company's filings with the Securities and Exchange Commission for a comprehensive list of risk factors that could cause actual results, performance or achievements of the company to differ materially from those expressed or implied in such forward looking statements. The company undertakes no obligation to update or revise any forward-looking statements.
Contacts:
Rostock Ventures Corp.
Mr. Gregory C. Rotelli
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Datum: 21.11.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 318979
Anzahl Zeichen: 3777
contact information:
Town:
SAN DIEGO, CALIFORNIA
Kategorie:
Mining & Metals
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