PureSnax International: Metrospaces Announces a One-Time Dividend to Shareholders of Record in the Form of PureSnax International Common Stock

NEW YORK, NY, July 12, 2018 (GLOBE NEWSWIRE) -- Metrospaces, Inc. (OTC:MSPC) announces that it will issue a one-time dividend in the form PureSnax (OTC:PSNXD) shares.Mr. Brito stated: "The public listing of Etelix by way of merger with PureSnax International has so far released more than $19 million in additional shareholder value to MSPC's balance sheet and shareholders as per yesterday's closing price. Although we are committed to the long-term success of Etelix and are highly confident that this is just the beginning of the additional share value this merger will create, we believe it is fair that we reward our common shareholders by giving them direct ownership in PureSnax by way of this dividend. After the dividend, Metrospaces will continue to retain the majority of the PureSnax's common stock directly. The dividend will be issued to all MSPC shareholders of record. By having done the spin-off, Etelix now has the financial tools to pursue acquisitions and world-class financing independent of MSPC's balance sheet This means that both MSPC and Etelix will now be independent to pursue their own destiny, new acquisitions and financial structure. This is a high vote of confidence in Etelix's current management ...Full story available on Benzinga.com