MESA, Ariz., Dec. 16, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) would like to offer additional clarification to its shareholders in regards to the 10% stock dividend on our Common Stock, which was authorized at a meeting of the Company's Board of Directors held on October 25, 2010.
On December 8, 2010, B2 Digital received notification that FINRA approved the special dividend with a Record date of November 5, 2010 and a Payment date of November 12, 2010. On December 8, 2010, FINRA included the dividend in its daily list and an announcement went out to DTC. DTC will inquire of the participants (brokerage firms) and the participants will report back to DTC how many shares they will need in order to credit the dividend shares to their customer accounts. DTC will then forward the number of dividend shares each brokerage firm needs back to the transfer agent for issuance. This is standard procedure for any company issuing a stock dividend.
Shareholders' of record on November 5, 2010 who owned a minimum of 100 shares will receive the 10% Dividend. Fractional entitlements will be dropped and the dividend will break at each even 100 share amount. For example, shareholders of record who own 199 shares will receive 10 additional shares. If the shareholder has 200 shares, then that shareholder will receive 20 shares. In summary, the dividend will not be paid on that portion of a shareholder's holdings that is less than 100 shares. One final example would be for a shareholder who owns 999,999 shares. In this example, the shareholder would receive a 99,990 share dividend on 999,900 shares owned, but would not receive the dividend on the additional 99 shares. Investors are encouraged to contact their broker and ask them, in turn, to contact DTC.
Shareholders who hold physical certificates, and do not hold their shares at a brokerage firm, will receive their stock dividend in the mail from the transfer agent.
B2 Digital would like to thank its shareholders for their patience in this matter.
About B2 Digital
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.