December 15, 2009 (FinancialWire) — Green Energy Resources (OTC: GRGR) has declared a 10% stock dividend to shareholders. The execution date will be set in January with cut off date likely to be end of December.

The company paid dividends in 2006 and 2007 but suspended dividends in 2008 in the wake of the global economic disaster. Green Energy Resources executives will return dividends to the treasury as they have done in the past.

New York-based Green Energy Resources said it remains in merger negotiations and plans to make a decision regarding an offer by the end of December. Discussions are ongoing with a coal and energy company looking to expand to large scale co-firing.

The deal includes the undisclosed coal company’s $75 million dollars in bookable hard coal reserve assets and approximately $20 million per year in current operating revenues. Green Energy Resources would be the surviving entity but cede senior executive positions as well as Board positions.

Green Energy Resources has been an active merger target with the emergence of renewables in the United States under the new presidential administration.

Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). Recently issued reports and filings include Bravo Venture Group Inc. (TSX Venture: BVG), Bellway PLC (London Stock Exchange: BWY) (OTC: BLWYF), Chase Corp. (AMEX: CCF), Continental Materials Corp. (AMEX: CUO), Amcon Distributing Company (AMEX: DIT), Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), Majedie Investments PLC (London Stock Exchange: MAJE), Morgan Stanley Income Securities, Inc. (NYSE: ICB), Grainger PLC (London Stock Exchange: GRI) (OTC: GRTGF), Eaton Vance Insured Municipal Bond Fund (AMEX: EIM), PIMCO High Income Fund (NYSE: PHK) and Shaw Communications, Inc. (NYSE: SJR).

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