Underseas Research & Recovery Ltd.
Underseas Research & Recovery Ltd.: Underseas Updates on Warrant Dividend
Underseas Research & Recovery Ltd. / Key word(s): Dividend Underseas Research & Recovery Ltd. / Tags: Internet, Radio, Internet Radio, Satellite Radio, Music, Entertainment Underseas Updates on Warrant Dividend Toronto, Canada – December 14, 2011 Underseas Research & Recovery Ltd. (‘Underseas’ or the ‘Company’), the Toronto based holding company of a European internet and satellite radio wants to remind its shareholders of the coming deadline for the warrant dividend. All shareholders of record at the close of the trading day on December 15th, 2011 will obtain a dividend in form of warrants. For each common share of Underseas, shareholders will receive one warrant payable on December 16th, 2011. This warrant shall be governed and construed in accordance with the laws of the Province of Ontario. Each warrant constitutes the right to subscribe for common shares of Underseas Research & Recovery Ltd. at any date from December 16th, 2011 up to 5:00 pm Toronto time on June 16, 2012. The price of the shares will be equal to 90% of the ‘current market price’, which is defined as the average closing price of the common shares on the Frankfurt Stock Exchange for the 30 consecutive trading days commencing 45 trading days before the date for determining the current market price. Further details will be released after December 15th.2011. About Underseas Research & Recovery Ltd. Contact: underseasrr@gmail.com Disclaimer; Forward-Looking Statements: Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Although we believe that the beliefs, plans, expectations and intentions contained in such statements are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. This or any other statement from the company or its representatives does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of I Underseas Research & Recovery Ltd. There are substantial risks associated with investing in development stage companies. Potential investors should seek advice from a qualified financial dealer prior to investing in Underseas Research & Recovery Ltd. Language: English
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