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GEMM Announces Stock Dividend and Stock Split.


RENO, Nev.--(BUSINESS WIRE)--Sept. 2, 1998--Juina Mining Corp. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:GEMM GEMM Global Electronic Music Marketplace (website)
GEMM Gilt-Edged Market Makers (bank)
GEMM Global E-Commerce Mega Marketplace (online superstore) 
) Wednesday announced that its board of directors, by unanimous written consent, and the holders of a majority of the total issued and outstanding shares of the common stock of GEMM, by the written consent of the holders of a majority of the shares of GEMM, approved and adopted resolutions which (a) call for a stock split of the issued and outstanding stock of GEMM such that on the effective date of the split, 101 shares of GEMM will be outstanding for every 100 shares of GEMM outstanding on the effective date, (b) the effective date of the stock split will be 10 days after the mailing of a copy of the notice of the shareholder approval of the stock split to the shareholders of GEMM, (c) the anticipated mailing date Mailing Date

A specific date set for the mailing of certain material to security holders such as interim reports, proxy material and dividend checks.
 is Sept. 4, 1998 and the anticipated effective date of the stock split is Sept. 14, 1998, (d) the stock split will apply to shareholders of record on Sept. 4, 1998, (e) declare and authorize To empower another with the legal right to perform an action.

The Constitution authorizes Congress to regulate interstate commerce.


authorize v. to officially empower someone to act. (See: authority)
 the payment by issuance of a stock dividend to all shareholders of GEMM of record on Sept. 21, 1998 a stock dividend equal to five percent (5%) of the issued and outstanding stock on said record date, and (f) instructs GEMM's transfer agent to implement the stock split, the stock dividend, a mandatory recall of all stock certificates, and the change of GEMM's CUSIP number CUSIP Number

An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system.

Notes:
This system is used in the U.S. and Canada.
.

Juina Mining is a diamond resource and exploration company with exclusive rights to a mining and mineral concession on 1,000 hectares (2,471 acres) located in Juina, Mato Grosso Mato Grosso (mä`t grô`s) [Port.,=thick forest], state (1996 pop. , Brazil. Visit the company's Web site at www.juinamining.com.

Except for the historical information contained herein, the matters discussed in this news release contain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
, as defined in Section 27(A) of the Securities Act of 1933 and Section 21(E) of the Securities Exchange Act of 1934, as amended. Such forward-looking statements, and information involve risks and uncertainties, including but not limited to, late delivery of vendor supplies, equipment or services that may cause production delays, primary customer order rates, cancellations, and dependence on certain customers of the company's specialized spe·cial·ize  
v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es

v.intr.
1. To pursue a special activity, occupation, or field of study.

2.
 business products. Other certainties related to the company's business and securities which are traded over the counter are outlined in the information and materials available upon request.

    CONTACT: Juina Mining Corp., Reno, 702/786-0225


COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Sep 2, 1998
Words:399
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