Cotton & Western Mining Inc. (CWRN)

[JohnCM]

November 05, 2008 09:45 ET

Cotton & Western Mining, Inc. -- CWRN 6:1 Stock Dividend Rescheduled Payment Date
HOUSTON, TX--(Marketwire - November 5, 2008) - Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) -- Cotton & Western Mining, Inc. announced on October 30, 2008 that the majority shareholders and the Board of Directors had finalized reorganization of equity and that the Board of Directors had approved a 6:1 stock dividend of the Company's common stock. Each shareholder of record at the close of business on November 20, 2008 will receive five (5) additional restricted shares for every outstanding share held as of the date thereof. The original payment date for the additional shares was to be on November 30, 2008; however, that date fell on a Sunday; therefore, the rescheduled payment date shall be on Monday, December 1, 2008 with distribution of the new shares to also occur on December 1, 2008. Shareholders will be credited automatically by the company's transfer agent, and shareholders will have their certificates sent directly to them by the transfer agent.
Outstanding common shares pre-dividend: 5,850,294
Outstanding common shares post-dividend: 35,101,764