NEW YORK, NY and JAKARTA, INDONESIA — (Marketwired) — 11/14/14 — Vanguard Mining Corporation (PINKSHEETS: VNMC) today announced that the Financial Industry Regulatory Authority (FINRA) has completed the review of the Company–s pending 4-for-1 forward stock split and has confirmed that effective date will be November 17, 2014. This means that VNMC–s common stock will begin trading on a split-adjusted basis on the morning of November 17, 2014 and current shareholders of the Company will then own four shares for every share presently owned.
Vanguard Mining–s stock symbol for a period of 20 business days beginning on November 17, 2014 will be “VNMCD”. Afterwards, the trading symbol will revert back to “VNMC.” A new CUSIP number 92206L201 has also been assigned to VNMC–s post-split common stock effective starting on November 17, 2014.
The forward split will be “payable upon surrender” of outstanding common stock. Shareholders are not required to do anything at this time. For shareholders holding their shares with brokerage firms, the Depository Trust Company (DTC) has been notified of the split and will adjust each shareholder–s position automatically. For shareholders holding their shares in certificate form, the split is payable when their certificates are returned to Vanguard Mining Corporation–s transfer agent, Transfer Online, Inc. ().
Presently Vanguard Mining has 36,000,033 shares of its common stock issued and outstanding and will have 144,000,132 shares issued and outstanding after the split.
Jalani Haniffa, Vanguard Mining–s President, stated, “This forward stock split should make our shares of common stock more attractive to a wider array of investors, resulting in improved daily bid/ask spreads, overall liquidity, and potentially faster price appreciation. In addition, following the forward split we will implement a program to increase general investor awareness of VNMC–s business, which should also benefit our current shareholders.” Jalani added: “At the same time, we continue to build long-term shareholder value by focusing on acquiring, developing and operating a growing portfolio of sizable mineral assets in Southeast Asia and other selective geographical areas.”
Vanguard Mining Corporation, a Nevada corporation established in 1987, is currently building and developing a portfolio of mineral assets in Southeast Asia, including gold, copper, limestone and gypsum in Indonesia and sand in Vietnam and Cambodia. The company has also investigated mineral asset opportunities in other geographical areas.
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management–s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995.
Contact:
Jalani Haniffa
President
Vanguard Mining Corporation
+62-812-674-11111