eMax Holdings Corporation (EMXC.PK) announced earlier today that the company is finalizing the issuance of dividends at this present time. In fact, the company stated that they are increasing the dividend value that was previously mentioned to shareholders.
For every shareholder that owned shares on the ex date of May 15, 2007, the dividend ratio will be one share each 1.84 common shares held. This is an 8% increase over what was previously disclosed, as the previous ratio was 1:2. Furthermore, for every share held on June 15, 2007, the dividend will be 1 for each 3.52 common shares held, a twelve percent gain. This equates to an increase of 20% value from what was disclosed before
eMax Holdings Corporation is also preparing a private placement offering that is to be registered with the SEC in the upcoming weeks. This private placement offering will help fund the company’s rapid growth, but will allow the company to register a stock buyback program at the same time.
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