Pilgrim Petroleum Announces 25% Stock Dividend
27 Novembre 2007 - 11:24PM
Marketwired
IRVING, TX (FRANKFURT: PHV), an independent oil and gas company,
announced today that the Board of Directors, at their November 27,
2007 meeting, authorized a 25% stock dividend to stockholders of
record on December 12, 2007 and to be distributed on December 28,
2007. The stock dividend will be accomplished by the distribution
of one additional share for every 4 shares held on the record date
by each stockholder.
Any stockholder electing to receive the Stock Dividend must be a
registered stockholder, as the "record date" of Wednesday, December
12, 2007. Fractional shares will be rounded up to the next whole
share. Payment of the dividend will not require an increase in the
total number of the Company's authorized shares of common stock. No
exchange of certificates is required.
About Pilgrim Petroleum Corporation
Headquartered in Dallas, Texas, Pilgrim Petroleum Corporation is
a publicly traded company (PINKSHEETS: PGPM), (FRANKFURT: PHV). The
company is acquiring oil and gas leases, producing properties,
mineral rights and surface interests primary on marginal fields.
Once acquired, the company intends to develop each property to
maximize the income from each by refurbishing and improving the
existing production.
Forward-Looking Statements: The statements which are not
historical facts contained in this release are forward-looking
statements that involve risks and uncertainties, including but not
limited to, the effect of economic conditions, the impact of
competition, the results of financing efforts, changes in
consumers' preferences and trends. The words "estimate,"
"possible," and "seeking" and similar expressions identify
forward-looking statements, which speak only to the date the
statement was made. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, because
of new information, future events, or otherwise. Future events and
actual results may differ materially from those set forth herein,
contemplated by, or underlying the forward looking statements.
2007 Pilgrim Petroleum Corporation. The information herein is
subject to change without notice. Pilgrim Petroleum Corporation
shall not be liable for technical or editorial errors or omissions
contained herein.
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CONTACT: Pilgrim Petroleum Corporation Eddie Monet 619-864-0166
www.apetroleum.com
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