ARYC @ .0019 - Return of over 300% in AVDX dividend shares (@.45 on 10/30 close).
ITEM 8.01 – Other Events
SUNNYVALE, California – October 27, 2015 – On September 30, 2015, Arrayit Corporation announced a distribution of ten million common shares of Avant Diagnostics, Inc. to all common shareholders of ARYC as of the record date, which was previously designated as the market close on September 30, 2015. On the advice of counsel and in order to comply with FINRA regulations, the Board of Directors of Arrayit Corporation voted to amend the record date to the market close on October 30, 2015. The present market value of this dividend is approximately 2.45 million US Dollars. Based on the approximately 556 million common shares of ARYC currently issued, ARYC common shareholders will receive approximately 0.018 shares of AVDX per share of ARYC. The company expects that the stock certificates can be distributed within a few weeks of regulatory approval of the transaction.