ZNXT Mining Elaborates Dividends Distribution of AZHA Mining
April 07 2009 - 9:28AM
Marketwired
AZHA Mining (formerly ZNext Mining Industries, Inc.) with OTC.PK
Stock Symbols: (PINKSHEETS: ZNXT) (OTC Preferred: ZNXPP) briefly
elaborates the Dividends Distribution of April 20, 2009 Record Date
of the AZHA Mining shares. These AZHA Dividends are NOT a Forward
Split nor are they a REVERSE Split.
In consideration of the acquisition of ZNXT Mining by AZHA
Mining, its new BOD and Management team had offered to distribute
AZHA Stocks similar to a profit sharing in the form of Dividends to
all ZNEXT Mining Common Stocks Shareholders on the record date of
April 20, 2009.
The 50 ZNXT: 75 AZHA Dividend Ratio to explain further, that for
every 50 ZNXT Common Shares bought and held by shareholders on
April 20, 2009, shareholders will receive a TOTAL of 75 AZHA Mining
Common Shares broken into: 25 Un-Restricted (Free Trading) and 50
Restricted AZHA Common Shares.
-- Example: If a shareholder holds 1,000 ZNXT Common shares on April 20th
record date, the factor of 20 (1,000 / 50 = 20) to receive a 500 Un-
Restricted (25 X 20 = 500) and 1,000 Restricted (50 X 20 = 1,000) AZHA
COMMON SHARES;
-- Thus, the ZNXT Common Stock Shareholder of record will receive a total
of 1,500 AZHA Mining Common Shares (500 Un-Restricted and 1,000 Restricted)
for the 1,000 held on the record date;
-- This is in addition to the 1,000 ZNXT Common Shares already held by
this shareholder. This 1,000 ZNXT Common Shares will be converted
automatically to AZHA Common shares; This shareholder will end up having a
total of 2,500 AZHA Common Shares of which 1,500 are Un-Restricted or Free
Trading and 1,000 are Restricted Common Shares;
-- The shareholder(s) not holding shares in certificate forms in their
names will not have to do anything because their banks and brokerages as
members of the DTC (Depository Trust Company) will distribute those shares
to their corresponding clients' accounts;
-- The Dividend Distributions to commence on April 21, 2009 after the
record date will be sent directly to their corresponding banks &
brokerages;
-- Shareholder(s) still holding their ZNXT Common shares in certificate
form should send to the TA - Transfer Agent of the company in exchange of
their existing old ZNXT Common shares for the equivalent new AZHA Mining
shares including the Dividends;
-- A FEE is being incurred for those dealing in physical stock
certificates that is charged by the TA to process the exchange and
distribution. Please contact TA-First Public Securities Transfer Corp.
(310) 770-6689 or email: firstpublicsecurities@hotmail.com for all other
inquiries on the exchange and receipt of AZHA Common Shares.
-- This is a mandatory exchange eliminating all ZNXT stock certificates
for AZHA Mining certificates;
-- The PREFERRED Shares of ZNext Mining (OTC Preferred: ZNXPP) will not
be affected by these actions and remain the same and tradable as is.
ABOUT THE COMPANY
AZHA Mining Corporation, Inc is a mining company engaged in the
exploration, development and commercialization of new and
underdeveloped mine sites. The company focuses primarily in the
mining and production of gold, silver and other precious metals.
AZHA Mining was assigned the 100% interest of the twelve (12)
mining claims in British Columbia, Canada. Additionally, was
assigned 100% of the PEARL's Mineral Production Sharing Agreement
(MPSA) application, registration that was filed in Region V since
2004; that includes all of PEARL's gold mining exploration,
development and production.
FORWARD-LOOKING STATEMENTS
Forward-looking statements in this release include statements
regarding the Company's projections regarding gold, silver and
precious metals explorations, extractions and productions in future
periods. Penny Stocks are highly speculative and may be unsuitable
for all but very aggressive investors. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: Investor Relations: Dennis Bravs Phone: 888-498-0001
E-mail: Email Contact www.AZHAMining.com
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