Underseas Research & Recovery Ltd.
Underseas Research & Recovery Ltd.: Underseas Declares Issue of a Warrant Dividend
Underseas Research & Recovery Ltd. / Key word(s): Dividend Underseas Research & Recovery Ltd. / Tags: Internet, Radio, Internet Radio, Satellite Radio, Music, Entertainment Underseas Declares Issue of a Warrant Dividend Toronto, Canada – December 05, 2011 Underseas Research & Recovery Ltd. (‘Underseas’ or the ‘Company’), the Toronto based holding company of a European internet and satellite radio announces the issue of a warrant dividend to all of its shareholders of record at the close of the trading day on December 15th, 2011. One warrant will be issued for each common share of Underseas payable on December 16th, 2011. Each warrant possesses the right to purchase at any day during the terms one share of common stock of Underseas Research & Recovery Ltd. at a price equal to 90% of the closing market price of the Company’s common shares at the Frankfurt Stock Exchange on the day before the exercise date of the warrants. The warrants expire on June 1st, 2012. 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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