1st NRG Corp -- Implements Reverse Stock Split
June 23 2014 - 1:50PM
Marketwired
1st NRG Corp -- Implements Reverse Stock Split
DENVER, CO--(Marketwired - Jun 23, 2014) - 1st NRG Corp. (OTC
Pink: FNRCD) (PINKSHEETS: FNRCD) announced today a 20,000 to 1
reverse stock split which became effective today, June 23,
2014. 1st NRG Corp. common stock will trade under the symbol
FNRCD for twenty business days before reverting back to
FNRC. The Company's new CUSIP and ISIN numbers are 32114B309
and US32114B3096 respectively.
As of June 23, 2014, every twenty thousand (20,000) outstanding
shares of common stock will be exchangeable into one (1) share of
common stock. Any record holder who owns a fractional share of
common stock after the reverse stock split will be rounded up to
the nearest whole share of common stock in lieu of such fractional
share. Shareholders will receive the notices, forms, and
instructions regarding the exchange of their pre-split shares for
post-split shares from the Company's transfer agent, Continental
Stock Transfer & Trust Company, who is acting as the exchange
agent for the reverse stock split, or such shareholder's bank,
broker, or other nominee if such shares are held in "street
name."
About 1st NRG Corp.
1st NRG Corp. (OTC Pink: FNRC) (PINKSHEETS: FNRCD) is an
exploration and production company currently engaged in the
development of natural gas producing properties in the Powder River
Basin of Wyoming. Headquartered in Denver Colorado, our focus
has been centered on our coal bed methane reserves where we hold a
working interest in 42 producing wells, 8 permitted locations and
3,300 undeveloped acres. The Company is expanding its
activities into one of North America's most exciting shale plays
participating in a development of prospective acreage in SE Ohio
encompassing approximately 7,000 acres.
For more information, please visit http://1stnrg-corp.com,
Forward-looking statements in this release are within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934. A statement identified by
the words "expects," "projects," "plans," "feels", "anticipates,"
and certain of the other foregoing statements may be deemed
"forward-looking statements." Although 1st NRG Corp. believes
the expectations reflected in such forward-looking statements are
reasonable, these statements involve risks and uncertainties that
may cause actual future activities and results to be materially
different from those suggested or described in this press
release.
Contact: Brad Holmes Energy IR: b_holmes@att.net (713) 654
4009
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