Owner
Post by Franko10 ™ on Sept 11, 2004 10:16:17 GMT -5
BOARD AUTHORIZES INCREASE IN AUTHORIZED SHARES AND 200% STOCK DIVIDEND
Englewood, CO – El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced today that its board of directors has approved a resolution authorizing an increase in the number of authorized shares of the Corporation’s common stock from 50,000,000 to 100,000,000, as well as a 200% stock dividend to shareholders.Pursuant to the resolutions, holders of the Company’s common stock will each receive an additional two shares of common stock for each share they own on the record date to be determined.The Company is currently preparing the documentation necessary to effect both actions and will announce the effective dates for the stock dividend as soon as they are available.
El Capitan Precious Metals, Inc. is a nominally capitalized development stage company that owns a 40% interest in the El Capitanmine located near>Capitan,New Mexico as well as 13 mining claims and other assets known as the C.O.D. Property located near Kingman, Arizona
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in El Capitan Precious Metals/DML Services’ Securities and Exchange Commission filings; economic downturns affecting the operations of El Capitan Precious Metals/DML Services; the inability to initiate or complete a possible sale of the El Capitan property or any other restructuring, offering, acquisition, disposition or similar transaction; adverse financial performance by El Capitan Precious Metals/DML Services; failure to obtain or maintain regulatory approval for products and services offered by El Capitan Precious Metals/DML Services; the accuracy of geological and geophysical results including drilling and assay reports; the inability of the Company to develop and/or mine the El Capitan property; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and El Capitan Precious Metals/DML Services disclaims any intent or obligation to update these forward-looking statements.
Jamie Phillips
Director of Investor Relations
jpelcapitan@cox.net
480-229-1356
Englewood, CO – El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced today that its board of directors has approved a resolution authorizing an increase in the number of authorized shares of the Corporation’s common stock from 50,000,000 to 100,000,000, as well as a 200% stock dividend to shareholders.Pursuant to the resolutions, holders of the Company’s common stock will each receive an additional two shares of common stock for each share they own on the record date to be determined.The Company is currently preparing the documentation necessary to effect both actions and will announce the effective dates for the stock dividend as soon as they are available.
El Capitan Precious Metals, Inc. is a nominally capitalized development stage company that owns a 40% interest in the El Capitanmine located near>Capitan,New Mexico as well as 13 mining claims and other assets known as the C.O.D. Property located near Kingman, Arizona
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in El Capitan Precious Metals/DML Services’ Securities and Exchange Commission filings; economic downturns affecting the operations of El Capitan Precious Metals/DML Services; the inability to initiate or complete a possible sale of the El Capitan property or any other restructuring, offering, acquisition, disposition or similar transaction; adverse financial performance by El Capitan Precious Metals/DML Services; failure to obtain or maintain regulatory approval for products and services offered by El Capitan Precious Metals/DML Services; the accuracy of geological and geophysical results including drilling and assay reports; the inability of the Company to develop and/or mine the El Capitan property; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and El Capitan Precious Metals/DML Services disclaims any intent or obligation to update these forward-looking statements.
Jamie Phillips
Director of Investor Relations
jpelcapitan@cox.net
480-229-1356
