GreenShift Provides Update on Distribution
BusinessWire
10:59 AM ET
GreenShift Corporation (OTC Bulletin Board: GSHF) today provided an update to its shareholders regarding the status of its pending distribution.
As previously announced, GreenShift shareholders of record as of December 12, 2007 will receive the following distributions:
Distribution to Distribution to Total Holder of One Holder of 10,000 Distributed Shares GreenShift Share GreenShift Shares GS CleanTech Corporation (OTCBB: GSCL) 20,800,000 0.104 1,040 GS Energy Corporation (OTCBB: GSEG) 1,000,000,000 5.000 50,000 GS EnviroServices, Inc. (OTCBB: GSEN) 2,000,000 0.010 100 This distribution is being made to GreenShift shareholders of record as of December 12, 2007. However, because shares are being distributed, the ex-dividend date for this distribution will be the date on which the certificates are actually mailed to the shareholders.
While the distributions are currently being processed, GreenShift expects to mail the certificates to its shareholders on or about December 26, 2007. The exact mailing date will be announced once all three securities are ready for distribution.
In order to retain the distribution, GreenShift shareholders of record as of December 12, 2007 will need to hold their GreenShift shares until the mailing date.
Any GreenShift shareholder who held shares as of December 12, 2007 but then sells GreenShift shares between December 13, 2007 and the mailing date will be required to deliver the distributed shares to the purchaser when they are received. The delivery of the distributed shares will be accomplished by the seller's broker.
Likewise, any GreenShift shareholder that purchased GreenShift shares on or after December 13, 2007 and then holds their GreenShift shares until after the mailing date will be entitled to be the final recipient of the distributed shares.
Any questions pertaining to the distribution should be emailed to GreenShift at investorrelations@greenshift.com.
AI
