Allows Listed Companies to Issue Dividends in Physical Precious Metals
Called The GBI Physical Dividend Program, the service will be available to all publicly-traded companies who pay dividends to their shareholders.
Gold Resource Corporation (NYSE Amex: GORO) is the first company to participate in the program, announcing today that its shareholders will have the ability to accept their dividend, payable April 23, 2012, to shareholders of record on April 10, 2012, in physical gold or silver instead of cash.
“There is an increasing demand by both institutional and retail investors to own physical precious metals,” said Savneet Singh, GBI’s chief executive officer. “The program we announced today makes this a seamless and simple process for listed companies and their shareholders.”
GBI is the leading institutional precious metals provider to individual investors, institutional asset managers, and the wealth management industry. The company’s proprietary technology platform allows investors to acquire and manage their precious metals assets directly through GBI or through their existing wealth management account relationship. Precious metals are acquired from some of the largest dealers/refiners and stored on behalf of clients in protected and insured vaults in New York, London, Salt Lake City, and Zurich. GBI is the safest and most reliable option for precious metals owners.
“A convenient and easy way of delivering precious metals dividends to shareholders has been a long-term goal of our company,” stated Jason Reid, President of Gold Resource Corporation. “With innovative assistance from Gold Bullion International, the Company is pleased to offer shareholders the option to take their monthly dividend in the Company’s gold and silver GRC Double Eagle one ounce .999 fine rounds.”
In just three years, Gold Bullion International has revolutionized and democratized the ability for investors to own precious metals. Bringing transparency and an advanced technology platform to a previously inefficient process, GBI has purchased, stored and insured hundreds of millions of dollars in precious metals for investors. With up to 14 competing dealers for every customer order, GBI can secure and broadcast the most competitive and accurate price for physical precious metals.
“The GBI Physical Dividend Program, now available for Gold Resource Corporation shareholders, can be replicated by other publicly-traded companies, and provides investors a choice in how they receive their dividends,” added Singh. “The process we provide is safe, easy and secure, fully insured and audited quarterly. The new service we have introduced today will more than anything else give investors the optionality to receive their dividends in a form of their choosing.”
About Gold Bullion International:
Gold Bullion International (GBI) is a leading institutional precious metals provider to Individual Investors and the wealth management industry. GBI’s technology platform allows clients to acquire and mange their precious metals assets directly through GBI or through their existing wealth management account relationships. Precious metals are acquired from dealers selling London Bullion Market Associated recognized brands and stored on behalf of clients in protected and insured vaults in New York, Salt Lake City, London and Zurich. GBI is the safest and most reliable option for precious metals owners.
About Gold Resource Corporation:
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in six potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. The Company has 52,902,620 shares outstanding, no warrants and no debt. For more information, please visit GRC’s website, located at www.Goldresourcecorp.com and read the Company’s 10-K for an understanding of the risk factors involved.
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