LAS VEGAS , July 7, 2014 /PRNewswire/ - (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.
