Cotton & Western Mining, Inc. Announces 6 for 1 Forward Stock Split
Market Wire "US Press Releases "
RICHMOND, TX -- (MARKET WIRE) -- 11/15/06 -- Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) announced today that its Board of Directors has approved a 6 for 1 forward stock split of the Company's common stock. Each shareholder of record at the close of business on November 22, 2006 will receive five (5) additional shares for every outstanding share held as of the date thereof. The payment date for the additional shares will be November 27, 2006, with distribution of the new shares to also occur on or about November 27, 2006. Shareholders who hold free trading shares in brokerage accounts will be credited automatically by the transfer agent, and shareholders of restricted shares will have certificates sent directly to them by the transfer agent.
The Board of Directors believes that this action will increase shareholder value and create more trading liquidity. The stock split will not change shareholders' existing proportionate ownership.
For more information on Cotton & Western Mining, Inc. please visit the company website at: http://www.cottonwestern.com.
About Cotton & Western Mining, Inc.:
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) is a U.S. corporation structured to produce and sell iron ore on a global scale. Currently, the Company is engaged in several mining activities and provides the Asia Pacific Steel Manufacturing Sector with high grade A raw crude iron ore products.
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.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
