HOUSTON, Jun 29, 2011 (BUSINESS WIRE) -- Algae Farm (USA), Inc. (Pink Sheets:
ALGF), announces that its Board of Directors has approved a 11 for 10 forward
stock split revalued for its common stock only. The effective date is open of
business June 30, 2011. Fractional Shares will be rounded up and shares are
payable upon surrender of old certificates to the Company's Transfer Agent,
Pacific Stock Transfer Company. A "D" will be placed on the ticker symbol for 20
business days. After 20 business days, the symbol will revert back to the
original symbol, ALGF.
ALGF divested its 63 Payday and Rage Uranium Mining Claims located in Utah to
Colorado Goldfields, Inc. in an all stock transaction consisting of 125,000,000
shares of 1-year restricted Class A Common Stock and 125,000,000 shares of
2-year restricted Class A Common Stock.
About Algae Farm (USA)
ALGF is a development stage renewable energy technology company. The Company is
pursuing development and commercialization of algae and algal biomass production
technology. The Company's website is www.algaefarm.org, the contents of which
are not incorporated by reference herein.
