SANTO DOMINGO, Dominican Republic, Nov. 14, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corp (OTCBB:SANP), (the "Company"), files 2:1 Forward Split with the Financial Industry Regulatory Authority (FINRA).
Santo Mining legal counsel has submitted a 2-1 forward split of the Company's common shares to FINRA. The action will split the Company's issued and outstanding shares of common stock, such that each authorized issued and outstanding share of common stock shall be reclassified and changed into two (2) shares of Common Stock. The Company believes that the forward split is in the best interests of the Company and its stockholders.
The forward split is subject to the approval of FINRA and the decision to file the 2-1 forward split is intended to make the price of the stock more accessible to a larger percentage of the investment community.
"We have seen our Company grow and together with this growth we have seen the price of our shares rise. To reflect our continued growth and anticipated revenue, we want to allow our shareholder base to grow and to be more diverse," reports Al French, CEO of Santo Mining.
Further information on the Company and its filings can be found at www.sec.gov
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, such as the Company's plans to acquire a number of highly prospective gold exploration properties, which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Company's properties and the timing of any work program or exploration activities, and any results that may be obtained or the commencement of production.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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Source:Santo Mining Corp.