🕐25.02.10 - 23:51 Uhr
Cougar Oil And Gas Canada Inc. Announces Forward Stock Split
CALGARY, ALBERTA -- February 25, 2010 -- Cougar Oil and Gas Canada Inc.
("Cougar Canada" or "Company") (OTCBB: COUGF) announces that on January
25, 2010, the Board of Directors and shareholders of the Company
approved a forward split of the outstanding common stock at the rate of
one share into three shares.
Subsequently, the Company submitted an
application for approval of the forward stock split to the Financial
Industry Regulatory Authority ("FINRA").
The Company recently received
confirmation from FINRA approving the forward stock split.
The Company received notice from FINRA establishing the record date of
February 22, 2010 for the forward split and the payment date of
February 25, 2010.
Shareholders will be mailed their certificates on
or about February 25, 2010, and no further action by shareholders is
required in respect of the forward stock split.
As a result of the
forward stock split, the number of issued and outstanding shares of the
Company's Common Stock will be increased from 19,635,397 to 58,906,191
shares.
Mr.
William Tighe, Chairman of the Board for Cougar Canada, stated, "We
believe that the stock split will create additional liquidity in the
market and make Cougar Canada stock more attractive to a broader range
of investors.
We see significant potential for growth as we move
forward in creating value for the shareholders.
Through these
challenging economic times, we remain committed to attracting investors
who share our enthusiasm and take a long-term view of the company's
growth opportunities."
About Cougar Oil and Gas Canada Inc.:
Cougar Oil and Gas Canada Inc.
(OTCBB: COUGF) is based in Calgary,
Alberta, Canada and a publicly traded mineral exploration company
focused on broadening its scope of business to include the natural
resource sector, being minerals and oil and gas.
The recent investment
in Cougar Energy, Inc.
provided the Company with the opportunity to
build shareholder value through the exploration and development of oil
and gas properties.
Additional information is at
http://www.cougarenergyoilandgascanadainc.com.
For further information:
Cougar Oil and Gas Canada Inc.
Investor Relations:
TC Capital
Phone: +1(403) 238-8813 (during market hours)
e-mail:
www.cougarenergyoilandgascanadainc.com
Forward-looking Statements: This press release contains
forward-looking statements.
The words or phrases "would be," "will"
"intends to," "will likely result," "are expected to," "will continue,"
"is anticipated," "estimate," or similar expressions are intended to
identify "forward-looking statements".
The Company's business is
subject to various other risks and uncertainties, which may be
described in its corporate filings (www.sec.gov).
Statements made
herein are as of the date of this press release and should not be
relied upon as of any subsequent date.
The Company cautions readers not
to place reliance on such statements.
Cougar Oil and Gas Canada Inc.
undertakes no obligation to update or publicly revise forward looking
statements or information unless so required by applicable securities
laws.
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Copyright (c) 2010 COUGAR ENERGY, INC.
(COUGF) All rights reserved.
For more information visit our website at
http://www.cougarenergyinc.com/ or send mailto:
Message sent on Thu Feb 25, 2010 at 2:28:29 PM Pacific Time
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