QualityStocks would like to highlight Eastern Resources, Inc. (OTCBB: ESRI), an early stage company currently pursuing a business strategy in the precious and base metals mining sector in the U.S. On April 6, 2012, the company completed the acquisition of Montana Tunnels Mining, Inc. and Elkhorn Goldfields, Inc., and these two companies are now wholly owned subsidiaries of the company.
In the company’s news last week,
Eastern Resources announced that FINRA has approved the company’s 2-to-1 forward stock split on its common stock outstanding, to be carried out in the form of a dividend for shareholders on record as of May 17, 2012.
Dates to note:
- Payment date – June 8, 2012;
- Ex-dividend date – June 11, 2012; and
- Due bill redeemable date is June 13, 2012.
The stock split entitles each ESRI common stock shareholder on record as of May 17, 2012, to receive one additional share of common stock for one share owned. Additional shares issued as a result of the stock split will be distributed on the payment date.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.