AWSL Stock Dividend - Update Regarding Record & Payable Dates
Source: Atlantic Wind & Solar Inc.
On Monday January 11, 2010, 8:00 am EST
TORONTO--(Marketwire - 01/11/10) - Atlantic Wind and Solar Inc. (Pinksheets:AWSL - News) hereby notifies its shareholders that the previously announced record and payable dates for the 1-for-3 restricted stock dividend have been changed to Friday, January 15, 2010 and Monday, January 25, 2010, respectively. The Company regrets having to make this change but circumstances beyond our control have made it necessary.
The Record Date
Shareholders of record on Friday, January 15, 2010 will receive one new, restricted common share of the Company for each three (3) shares held. To qualify for this stock dividend, shareholders will have to have purchased their shares prior to the close of trading on Tuesday, January 12, 2010.
The Payable Date
On the new Payable Date, January 25, 2010, Shareholders of Record will have their shares automatically mailed to them if their shares are held in certificate form. If their shares are held in a brokerage account, the brokerage firm will receive those shares on the payment date for processing, and will reflect in their account shortly thereafter.
For every three (3) common shares held on the record date, shareholders will receive one (1) free additional common restricted share on the payable date. Under SEC Rule 144, the dividend share will be restricted from resale until such time as the Company files and receives clearance of a Registration Form Statement with the Securities & Exchange Commission.
The board of directors of AWSL elected to increase the shares outstanding by paying this stock dividend in order to improve market liquidity and hopefully expand the shareholder base.
We apologize for any inconvenience this delay in paying the dividend may have caused. Rest assured the Company has been doing everything possible to expedite this matter.
Sales and Marketing Contacts
To make Renewable Energy sales enquiries, please call +1 800 891 1657 ext. 230 or, if convenient, visit our headquarter offices at 350 Bay Street, Suite 1201 in Toronto.
Property owners and managers with unobstructed commercial rooftops of 30,000 s/f or bigger in the province of Ontario, Canada, and which they are interested in possibly leasing to AWSL, are invited to contact Mr. Charles Mazzacato +1 800 891 1657 ext. 230. All other Renewable Energy sales enquiries are asked to contact Mr. Gilles Trahan +1 800 891 1657 ext. 221.
About Atlantic Wind & Solar Inc.:
Through focused management, strong R&D, state-of-the-art proprietary technology, exclusive licenses, and joint ventures, Atlantic Wind & Solar Inc. is poised for rapid growth at the forefront of the massive global shift towards environmentally friendly, economical renewable energy. The Company is positioned to achieve significant inroads into key sectors of the annual $200 billion renewable energy boom that is accelerating across North America and around the world. Introduction of the Province of Ontario's lucrative Feed-in-Tariff last fall has seen AWSL adopt an aggressive focus on the growing opportunities in the promising Rooftop Solar sector across Ontario, where it has garnered significant new business in the past few months.
For further corporate information and/or to subscribe for regular news updates from Atlantic Wind & Solar, please visit: www.atlanticwindandsolar.com
Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.
The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.