Eurogas Corporation: Eurogas Declares Dividend and Sets Record Date for Spin-Off of Eurogas...

TORONTO, ONTARIO--(Marketwire - July 25, 2008) - Eurogas Corporation ("Eurogas" or the "Company") (TSX VENTURE:EUG) announces that its Board of Directors has set August 5, 2008 as the record date for the spin-off of its wholly-owned Barbados subsidiary, Eurogas International Inc., in connection with its previously announced restructuring plan. In connection with the restructuring, Eurogas will exchange its currently held common shares of Eurogas International for preferred shares and new common shares of Eurogas International and immediately distribute these new common shares of Eurogas International by way of a dividend-in-kind to holders of Eurogas' common shares at the close of business on the record date. Each holder of Eurogas common shares on the record date will receive one common share of Eurogas International for... [read full story]