Great West Gold, Inc. -- 25% Stock Dividend Declared Company to Pay Its Shareholders a 25% Stock Dividend Great West Gold, Inc. (OTC BB: GWGO) confirms that the Company has authorized a 25% (twenty five percent) Stock Dividend of the Company's common stock for its shareholders of record as of January 6, 2006.
The Company has taken this step to reward its shareholders who continue to see a share price of US$0.0007 compared to a Total Stock Dividend payout in the amount of US$0.018 for every 1,000 shares of Great West Gold, Inc. Common Stock and that excludes the value of the Company's 71.43% shareholding in Western Diversified Mining Resources, Inc.
This 25% Stock Dividend will be credited to Great West Gold, Inc. shareholders stock broking accounts or if shareholders are holding physical Share Certificates, the Transfer Agent will courier the Share Certificate representing this 25% Stock Dividend to each shareholder.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
Source: Market Wire (December 19, 2005 - 7:44 AM EST)
Great West Gold, Inc. - Material Correction to Announcement Company Corrects a Material Error in Its Previous Announcement December 19, 2005, Great West Gold, Inc. (OTC BB: GWGO) announced today that shareholders are seeing a share price of US$0.0007 compared to a Total Stock Dividend payout in the amount of US$0.018 for every 1,000 shares of Great West Gold, Inc. Common Stock and that excludes the value of the Company's 71.43% shareholding in Western Diversified Mining Resources, Inc.
The value of these Stock Dividend distributions to Great West Gold, Inc. shareholders is US$0.018 for every one Great West Gold, Inc. share of Common Stock and is not for every 1,000 shares of Great West Gold, Inc. shares of Common Stock as stated in the previous Announcement.
The Company apologises to its shareholders for this error.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
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