SOURCE: Wall Street News Alert

June 01, 2005 08:34 ET

Wall Street News Alert: CHGI Declared Stock Dividend; Defined!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 1, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Capital Hill Gold, Inc. (OTC BB: CHGI), Google Inc. (NASDAQ: GOOG), Mircrosoft Corp. (NASDAQ: MSFT) and American International Group, Inc. (NYSE: AIG).

Capital Hill Gold, Inc. (OTC BB: CHGI) may have the attention of its investors again this morning! Yesterday after the stock markets closed, the company issued a press release further explaining the details of last week's stock dividend announcement.

This could be welcomed news for investors! Each holder of one share of Capital Hill Gold on the record date shall be entitled to receive three (3) additional shares of common stock. For example, if a holder owns a round lot of 100 shares he or she shall receive 300 additional shares.

According to the company's press release, the record date for shareholders who own the shares in their name is at the close of business on May 31, 2005. The payment date for the common stock dividend is set for June 7, 2005. On the opening of business on June 8, 2005, the common stock will trade ex dividend. Persons who purchase CHGI common stock on the OTC Bulletin Board on or before June 7, 2005, will receive the stock dividend, in benefit from transfer of the dividend reflected shares. The stock dividend should be credited to the shareholder's account within a few days of June 7, depending on their broker's procedures. Persons who purchase shares on or after June 8 will not be entitled to receive the dividend, and the stock price will be adjusted for the stock dividend.

Investors should continue to monitor the prospects of Capital Hill Gold for further developments! The press release states that the purpose of the stock dividend is to provide to shareholders improved liquidity in Capital Gold's common stock. Under Internal Revenue Code Section 305(a), the receipt of the stock dividend will not result in the imposition of U.S. federal income taxes. Shareholders will only need to adjust their tax basis in their shares on a pro-rata basis.

Investors continue watch this company!

For more in-depth coverage of Capital Hill, visit http://www.backissuesofnewsalerts.us/CHGI0531.html

Prior to the news release, the stock closed at $2.60 cents a share.

In case you are not familiar with the company: Capital Hill Gold's strategic objective is to obtain controlling interests in properties with excellent exploration potential for economically significant to world-class ore deposits. CHGI intends to acquire mineral exploration properties primarily through the filing of concessions on its own account and in partnership as well as by optioning exceptional properties at reasonable costs relative to the property's potential and the financial capabilities of the company. More information about the company can be found at http://www.CapitalHillGold.com.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Google Inc. (NASDAQ: GOOG) up 4.2% on 21.9 million shares traded, Mircrosoft Corp. (NASDAQ: MSFT) down 1% on 45.5 million shares traded and American International Group, Inc. (NYSE: AIG) down 1.5% on 16.9 million shares traded.

Commentary:

"Today will have auto sales for May, as the Big Three from Detroit announce sales figures. Auto sales figures are also a gauge of consumer spending and confidence," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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