Araldica Wineries, Ltd. Declares Dividend
IRVINE, Calif., Feb. 9 /PRNewswire/ -- Araldica Wineries, Ltd. (OTC Bulletin Board: AWLT) announced today that the Board of Directors has approved the payment of a stock dividend of shares of Araldica Corporation, a wholly owned subsidiary of the Company to shareholders of record at the close of business February 10, 2000 subject to the completion and filing of an information circular with Securities and Exchange Commission and appropriate regulatory agencies.
On February 2, 2000 all of the assets and liabilities of the Company were transferred into a wholly owned subsidiary of the Company, Araldica Corporation. The Company proposes to pay a dividend of one share of Araldica Corporation for every one share of the Company held as of the record date. The dividend payment shall be made as soon as practicable after compliance with regulatory requirements.
CONTACT: investors, Mr. David Bailey, President of Araldica Wineries, Ltd., 949-852-3570.
SOURCE Araldica Wineries, Ltd.
CO: Araldica Wineries, Ltd.; Araldica Corporation
ST: California
IN: FOD
SU: DIV
02/10/2000 00:41 EST prnewswire.com
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