Attached files
| file | filename |
|---|---|
| 8-K - American Eagle Energy Inc. | v208790_8-k.htm |
| EX-3.5 - American Eagle Energy Inc. | v208790_ex3-5.htm |
EXHIBIT
99.1
American
Eagle Energy Inc. Announces Effectiveness of 1-for-1.5 Reverse Stock Split, New
Cusip Number, and Trading Symbol
Billings,
Montana; January 24, 2011 – American Eagle Energy Inc. (OTCBB:AMZGD; “American
Eagle” or the “Company”) announced today that its previously disclosed 1-for-1.5
reverse stock split is effective as of the opening of the market this
morning. By virtue of the reverse split, every one and one-half
shares of common stock will be combined and converted into one share of common
stock.
The new
Cusip number for the Company’s post-reverse split common stock is 02554E
303. Through February 18, 2011, the symbol for the common stock will
be “AMZGD”; thereafter, it will revert to “AMZG.”
For the
record holders of common stock, the Company will round up to the next full share
of our common stock any fractional shares that result from the reverse stock
split. Fractional shares that result from the reverse stock split for
the beneficial holders of our common stock will be rounded up or rounded down to
the next full share in the sole discretion of the record holders for such
beneficial holders. The Company may also issue additional shares of
common stock to any record or beneficial holder, who, solely as a result of the
reverse split, without such additional issuance, would otherwise lose the status
as a holder of a round lot. The record date for the reverse split was
January 21, 2011 and the pay date and effective date are January 24,
2011. Stockholders do not need to tender their current
certificates.
About
American Eagle Energy Inc.:
American
Eagle Energy Inc. is an oil and gas company engaged in the exploration of
petroleum and natural gas. The company was incorporated in Nevada on
March 14, 2007 to engage in the acquisition, exploration, and development of
natural resource properties.
The
Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for
forward-looking statements. Certain information included in this
press release contains statements that are forward-looking, such as statements
relating to the future anticipated direction of the industry, plans for future
expansion, various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth, potential
contracts, and/or aspects of litigation. Such forward-looking
information involves important risks and uncertainties that could significantly
affect anticipated results in the future, and, accordingly, such results may
differ from those expressed in any forward-looking statements made by, or on
behalf of, Eternal Energy Corp. These risks and uncertainties
include, but are not limited to, those relating to development and expansion
activities, dependence on existing management, financing activities, and
domestic and global economic conditions. The company assumes no
obligation to update any of these forward-looking statements.
|
CONTACT:
|
Randy
Katz
|
|
Counsel
|
|
|
American
Eagle Energy Inc.
|
|
|
714-966-8807
|
|