BARON CAPITAL TO ISSUE 1 : 200 SPECIAL DISTRIBUTION IN CANNABIS CONSORTIUM, INC.
19 Octobre 2016 - 10:07PM
InvestorsHub NewsWire
Dividend of 1 share of Cannabis Consortium, Inc. (TGGI) for
every 200 shares of BCAP Common owned
Coconut Creek, FL -- October 19, 2016 -- InvestorsHub NewsWire
-- Baron Capital Enterprises, Inc. (OTCPK: BCAP) is pleased to
announce a special share distribution to all Baron Capital Common
shareholders. The distribution will consist of one (1) share in
Cannabis Consortium, Inc. (OTCPK: TGGI) for every 200 BCAP Common
shares held on the record date.
Baron Capital acquired the control block of Trans Global Group Inc.
(OTCPK: TGGI) from its former sole officer and director on October
6, 2016. The acquisition and name change to Cannabis Consortium,
Inc. is a fresh start for TGGI as the Company enters the marijuana
market.
As Baron Capital grows, it is able to share its financial success
with BCAP Common shareholders. Baron Capital has held debt and
Common shares in TGGI since 2011.
On October 18, 2016 Baron Capital filed an Amendment with the State
of Florida to change the name of Trans Global Group Inc. to
Cannabis Consortium, Inc., along with a change to TGGI's share
structure.
The State of Florida Amendment reduces TGGI's Authorized Common
shares from 10.6 billion to 250 million shares. TGGI's Preferred
shares will change from 1.5 million to 1 million. A 10,000 to 1
reverse split for TGGI has also been filed in the Amendment. All
changes are scheduled to go effective on, or about, November 7,
2016.
BCAP is making an application to FINRA to change TGGI's name and
ticker symbol. After the new name and ticker symbol with FINRA
become effective Baron Capital will announce a record date and pay
date for the Cannabis Consortium, Inc. distribution.
Baron shareholders shall receive one (1) share in Cannabis
Consortium, Inc. for every 200 shares of BCAP held on the record
date. As an example if you own 1 million shares of Baron on the
record date you will receive 5,000 shares of Cannabis Consortium,
Inc. A press release will be issued on a national wire service with
this information.
Management successfully issued a dividend to shareholders in 2004
http://tinyurl.com/zheqzcz and the announced Cannabis
Consortium, Inc. distribution benefits all BCAP Common
shareholders.
Baron Capital will also be offering shareholders the opportunity
later in the year to exchange a portion of their BCAP Common shares
for shares in White Financial prior to White Financials S-1 being
filed.
Further updates on Baron and its subsidiaries will follow in the
coming weeks.
Baron will continue to use newswire services, but will also begin
taking advantage of social media outlets and its own website to
disseminate Company news.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
“believes,” “expects,” “potential,” “plans,” “suggests,” “may,”
“should,” “could,” “intends,” or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Contact:
Matthew Dwyer
954-623-3209
Matt@bcapent.com
Baron Capital Enterprise (CE) (USOTC:BCAP)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Baron Capital Enterprise (CE) (USOTC:BCAP)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
Real-Time news about Baron Capital Enterprise Inc (CE) (OTCMarkets): 0 recent articles
Plus d'articles sur Baron Capital Enterprise, Inc. (PC)