Forward Split Update For Dynamic Ventures
SCOTTSDALE, AZ, Nov. 4 /PRNewswire/ - Dynamic Ventures Corp. (OTC:BB: DYNV) Dynamic Ventures announces an amendment to their November 3rd, 2010 press release regarding their 5:1 forward stock split.
On November 4, 2010 due to a misunderstanding the Company requested FINRA to rescind the forward split and FINRA has done so. The Company will re-apply for the forward split with FINRA and the proposed details of the amended transaction are as follows:
- The record date shall be November 9, 2010;
- The payment date shall be November 10, 2010. The shares will be mailed on this date without any action required on the part of the shareholders;
- The ratio of the distribution is to be 5:1 meaning that for every one share owned by a shareholder, four identical shares will be issued (identical class, restrictive/non-restrictive status, issue date); and
- The forward split is payable as a dividend, thereby requiring no action by shareholders, nor any amendment to the articles of incorporation of the Company.
Before the split, as at November 4, 2010, there are 10,000,000 shares of the company's common stock issued and outstanding. After the split, there will be 50,000,000 shares of the company's common stock issued and outstanding.
About The Company:
Dynamic Ventures Corporation, soon to be renamed Bundled Builder Solutions, Inc., develops and markets efficient construction solutions for residential and commercial buildings. Its EZ-Build subsidiary offers a turnkey solution enabling the firm to custom design, manufacture and install complete LEED certified structures. The overall energy efficient, affordable, green, easy and quick construction approach offered by the EZ-Build system is unique in the industry.
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.
SOURCE Dynamic Ventures Corp.
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