Beverly Hills, California, USA, 11 November 2009 -- (Marketwire) -- ECOLOGIX Resource Group (OTC.BB:EXRG
), a natural resource company focused on the timber industry and production of alternative energy solutions, announced today its board of directors has approved a 1-for-10 forward stock split, in the form of a stock dividend, payable to ECOLOGIX common and preferred shareholders.
The company anticipates the stock split will be payable on or about 30 November 2009, to shareholders of record as of 27 November 2009, and is subject to approval by the Financial Industry Regulatory Authority (FINRA). When the forward stock split becomes effective, shareholders of both common and preferred shares will receive an additional nine shares for every one share held. ECOLOGIX expects the board's decision will improve liquidity and trading volume in the company's stock.
ECOLOGIX Resource Group is a natural resource company focused on the timber industry and production of alternative energy solutions in accordance with the most stringent environmental standards regulating these industries. Additional information on ECOLOGIX Resource Group is available at www.ecologixrg.com