Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, April 27, 2012
Thu, April 26, 2012 Blue Gold Beverages Announces FINRA Approval of Corporate Actions
April 26, 2012 23:30 ET
Blue Gold Beverages Announces FINRA Approval of Corporate Actions
GREENWOOD, SOUTH CAROLINA--(Marketwire - April 26, 2012) - Blue Gold Beverages, Inc. (PINKSHEETS:BGBV) has received approval from FINRA regarding the following corporate actions:
- Name Change to "Dragon Polymers Inc."
- 1-30 Reverse Split
- Pre-Split: 182,017,468
- Post-Split: 6,067,300
- Effective 04/27/12
Trading of the reverse stock split-adjusted shares of Dragon Polymers (fka Blue Gold Beverages) common stock will commence at the opening of OTC Pink Sheets trading on Friday April 27, 2012. Dragon Polymers shares will continue to trade on the OTC Pink Sheets under the symbol BGBV, with the letter "D" added to the end of the trading symbol for 20 trading days, indicating a reverse stock split has been completed. The new CUSIP number for the Company's common stock following the Reverse Stock Split is 26144U 105.
The Reverse Stock Split will become effective as of the opening of trading on April 27, 2012, at which time every thirty (30) shares of the Company's issued and outstanding common stock will be automatically combined into one (1) issued and outstanding share of the Company's common stock, without any change in the par value per share. Shareholders holding less than one whole share after the reverse stock split will have their shares rounded up.
ABOUT THE COMPANY: Dragon Polymers Inc. (fka Blue Gold Beverages) specializes in the mining of post-industrial waste specifically thermoplastic polymers such as Polyethylene Terephthalate and Nylon 6,6 waste.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
