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Tara Minerals Corp > Nr today gives details re Tarm dividend

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Post by HHAPPY on Mar 31, 2011 9:19am

Nr today gives details re Tarm dividend

to TRGD shareholders.
"Also News Release (U-TRGD) TARA GOLD RESOURCES CP

CHICAGO, IL -- (MARKET WIRE) -- 03/31/11

Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) ispleased to announce the details regarding the previously announceddistribution of one Tara Minerals Corp. common share for every 20outstanding shares of Tara Gold. The Ex-Dividend Date is May 18, 2011,the Record Date is May 20, 2011, and the Payment Date is May 27, 2011.

Tara Gold currently owns 40,898,190 shares or approximately 71% of TaraMinerals. Additional distributions will be announced over the next 24months until all Tara Minerals shares, held by Tara Gold, aredistributed to Tara Gold shareholders. "

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Comment by FH_Trader on Mar 31, 2011 9:34am

Excellent. This is probably the start of many NRs to come.Regards FH_Trader

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Comment by HHAPPY on Mar 31, 2011 2:19pm

LOOKS LIKE INVESTORS ARE HAVING TROUBLE INTERPRETING WHAT TODAY'S NR MEANS. NO TRADING SO FAR ON BOTH TARM AND TRGD. My take is that Tara Gold shareholders will receive an initialdividend of shares of Tara Minerals on the basis of 1/12th of the sharesof Tara Minerals that are owned by Tara Gold.The planned total sharesof Tara Minerals being dividend out will be done over 24 months. This isto ...more

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