MESA, Ariz., Nov. 15, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) is pleased to announce that at a meeting of the Company's Board of Directors held on October 25, 2010, the directors of B2 Digital, Inc. approved a 10% stock dividend on our Common Stock.
B2 Digital, Inc. has filed the Issuer Company-Related Action Notification Form with FINRA in compliance with Rule 6490 and SEA Rule 10b-17.
All Shareholders at the close of trading on November 5, 2010 will be issued ten additional shares of B2 Digital, Inc. Common Stock for each one hundred shares of Common Stock held on the November 5, 2010 record date. Shareholders who hold free trading shares will be issued their dividend in free trading shares. All shareholders who hold restricted states will be issued their dividend in restricted shares. Shareholders who hold less than 100 shares will not participate in the dividend. Shares in non-round lots of 100 will be dropped for the calculation of the dividend.
The Board resolution is as follows:
WHEREAS, the Company will issue shares of common stock at Ten (10) shares per One-Hundred (100) shares as held by the shareholders on the date of record to be November 5, 2010. The payable date shall be November 12, 2010, and only shareholders with One-Hundred (100) are more will be eligible for this stock dividend.
About B2 Digital, Inc.
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and other factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.