$ORFG News 04/09/14: Bakken Energy Corp Advises on Stock Dividend to All Common Shareholders and gives Corporate Update
LAS VEGAS, April 9, 2014 /PRNewswire/ - Bakken Energy Corp formerly Orofino Gold Corp. ( OTC: ORFG) is pleased to announce that all shareholders of record as of Tuesday April 15, 2014 shall be eligible to receive a restricted common stock dividend of 1 share of ORFG common stock for every 10 shares held through 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. Each shareholder has to hold their shares, or buy shares of ORFG stock on or before the shareholder of record date of April 15, 2014 to be eligible to receive their dividend.
For example if a shareholder is holding 1,000,000 shares of ORFG common shares through April 15, 2014 then that shareholder will receive an additional 100,000 shares of ORFG restricted stock. The transfer agent Island Stock Transfer will determine through the DTCC (Depository Trust Company) the shareholders of record who are eligible to receive the dividend after April 15, 2014. The company will give information after the shareholder of record date as to how to receive your dividend from Island Stock Transfer Agent. If a shareholder sells their stock on or before April 15, 2014 they will not be eligible for the dividend.
The company's wholly owned subsidiary Nation Oil and Gas is currently working on acquiring several key assets for the company and is in final negotiations for those contracts. The company will acquire key Oil and Gas leases and valuable land assets with Oil and Gas deposits. Nations Oil and Gas is also working on acquiring a major Oil Refinery in the Uinta Basin to bolster its asset value. The company plans to give details to these acquisitions before the end of the month. The official name change to Bakken Energy Corp and symbol change looks to be completed by the end of this month as well.
About Nations Oil and Gas:
Nations Oil & Gas, LLC., www.nationsoilandgas.com is an oil and natural gas company engaged in the discovery, development and production of oil and natural gas properties. Since 2012, through a sound development program and a series of strategic acquisitions and partnerships we have grown to become one of the fastest growing E&P companies
Forward-Looking Statements: 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 Orofino Gold Corp.
