LAS VEGAS, July 7, 2014 /CNW/ - (PINK OTC: ORFG) ("Orofino Gold" or the "Company") Updates Shareholders on restricted common share dividend to all shareholders of record as of April 15, 2014.
The restricted stock dividend will be paid in the following manner. For every 10 shares that a shareholder owns of ORFG they will be paid 1 additional share of restricted stock of ORFG stock. Each shareholder of record who held their stock through April 15, 2014 is eligible to receive their dividend.
For example if a shareholder was holding 500,000 shares of ORFG common shares through April 15, 2014 then that shareholder will receive an additional 50,000 shares of ORFG restricted stock. The transfer agent will determine through the DTC the shareholders of record who are eligible to receive the dividend after April 14, 2014.
The company has filed the name change, request for new symbol and dividend related documents with Finra and is waiting for the totals on all shareholder of record from Finra. As soon as the company receives the information that information will be disseminated to Island Stock Transfer. The dividend cannot be paid out until this information is received. It has come to the attention of the company that several shareholders have been calling the transfer agent for their dividend. We ask our shareholders to refrain from calling the transfer agent until we announce that the dividend information has been distributed to Island Stock Transfer agent for your dividend. We will update our shareholders through a press release once received..
The Board of Directors of the company has approved the dividend and the company is paying this dividend as a thank you to all shareholders who have stayed with the company long term. We would like to apologize to our shareholders for the delay in getting this dividend paid but assure you it will be finalized and completed. .
These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
SOURCE: Bakken Energy Corp.