The Board of Blue Note Mining Inc. (TSXV:BNT) announced the spin-off of 21% stake in GeoVenCap Inc. (TSXV:GOV) to the shareholders of Blue Note Mining Inc. (TSXV:BNT) for CAD 0.95 million on July 16, 2012. Under the terms, Blue Note Mining Inc.'s shareholders will receive 0.02503 share of common stock of GeoVenCap Inc. for each common stock of Blue Note Mining Inc. currently held. The record date of the transaction is July 27, 2012, payable date is July 30, 2012 and ex dividend date is July 25, 2012. The dividend per share ratio is subject to adjustment based on the number of shares of Blue Note Mining Inc. to be issued until the record date.