CHICAGO, IL -- (MARKET WIRE) -- 03/31/11 --
Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce the details regarding the previously announced distribution of one Tara Minerals Corp. common share for every 20 outstanding shares of Tara Gold. The Ex-Dividend Date is May 18, 2011, the Record Date is May 20, 2011, and the Payment Date is May 27, 2011.
Tara Gold currently owns 40,898,190 shares or approximately 71% of Tara Minerals. Additional distributions will be announced over the next 24 months until all Tara Minerals shares, held by Tara Gold, are distributed to Tara Gold shareholders.
About Tara Gold Resources Corp. (http://www.TaraGoldResources.com)
Since its inception, Tara Gold has been focused on assembling a pipeline of high-quality precious and non-precious metals projects with potential for economic commercial value. To date, it has added value and profitably sold the San Miguel silver/gold project, and the Lluvia de Oro gold/silver/copper project. Tara Gold currently holds equity positions in La Camera Mining Inc. (a private mining company) and Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3). Tara Gold also continues to hold several prospective projects, including a past gold/silver producer.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Tara Gold Resources Corp.