LipidViro Tech, Inc. Declares 7 For 1 Stock Dividend
Published: Apr 06, 2006
LipidViro Tech, Inc. (OTC BB: LVRO) declares a stock dividend on its common stock, payable to common stock shareholders of record as of the close of business on April 17, 2006, or a date that is 10 days from the filing of Form 10b-17 with the NASD (the "Record Date"). The dividend requires a mandatory exchange of stock certificates. The dividend will consist of seven (7) shares of common stock payable for every issued and outstanding share of common stock, subject to the mandatory exchange. Therefore, for example, if a holder owns a round lot of 100 shares, he or she shall receive 700 shares in total after the mandatory exchange. The payment date for the stock dividend is set for May 5, 2006.