November 18, 2009 (FinancialWire) Vivakor, Inc.s (OTCBB: VIVK) board has approved a dividend of shares of common stock of HealthAmerica, Inc., a Nevada corporation of which Vivakor owns around 84% of the outstanding common stock.
Each Vivakor shareholder will be entitled to receive one share of HealthAmerica common stock for each share of Vivakor common stock beneficially owned on the record date.
The record date for the distribution is expected to be December 1, 2009, subject to review and approval of FINRA, and the distribution date is expected to be December 9, 2009.
After the dividend distribution, Vivakor will continue to own around 62% of the outstanding common stock of HealthAmerica.
Coralville, Iowa-based Vivakor is a biomedical and biotechnology company with transdisciplinary research that develops and acquires products in the fields of molecular medicine, electro-optics, biological handling and natural and formulary compounds.
HealthAmerica is developing a technology designed to enhance the resolution of images resulting from MRI.
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