Thursday, July 31, 2008 2:06:20 PM
Lastly, "We are happy to announce that the Board of Directors has also approved the issuance of GRYE Stock Dividends to all shareholders on the effective record date of August 19, 2008, now that the company has completed the first step of its corporate action," announced President Rod Bernard.
To reduce the negative impact of the recent reverse split, shareholders will receive 10 Shares of GRYE Restricted Common Shares for every 1 Common Shares Owned on the record date of August 19, 2008. This will be automatic as shareholders will not be required to do anything to receive their dividend distribution.
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