West Canyon Energy Completes Reverse Stock Split
11 Novembre 2008 - 5:22PM
Business Wire
West Canyon Energy Inc. (OTCBB:WCYN) (Hereafter �West Canyon�)
announces that its Board of Directors has approved a 5 for 1
reverse stock split effective November 7th, 2008. West Canyon�s
common stock will trade under the new symbol, �WCYN�. As a result
of the reverse stock split, the Company�s stockholders will receive
one new share of West Canyon�s common stock (WCYN) for every five
shares of the old certificate (WCYO). The Company believes that
under the new share capital structure, it will be in a better
position to raise investment and development capital as well as
attract new individual and institutional investors. Additional
information about the reverse stock split is available in the
Company�s filings with the Securities and Exchange Commission.
About West Canyon Energy Corp. West Canyon Energy Corp. is a
publicly traded independent Oil and Gas exploration and production
company headquartered in Houston, Texas (OTCBB:WCYN). The Company's
mission is to provide new and secure energy solutions for America
while increasing shareholder value through the strategic
exploration and development of domestic, high-impact energy
projects. In line with the Company's focus, West Canyon will
continue to expand its portfolio of continental US prospects
through the use of property acquisition and operating agreements
aimed at minimizing capital expenditures. Shareholders and
prospective investors are encouraged to visit West Canyon Energy's
website: www.westcanyonenergy.com and subscribe to the email
newsletter. Please feel free to call investor relations toll-free
at 1-888-977-6884 to receive a full corporate investor's package.
On behalf of the Board Shane Reeves, President and Chairman
Forward-Looking Statements Statements in this news release that are
not historical facts are forward-looking statements that are
subject to risks and uncertainties. Words such as "expects",
"intends", "plans", "may", "could", "should", "anticipates",
"likely", "believes" and words of similar import also identify
forward-looking statements. Forward-looking statements are based on
current facts and analyses and other information that are based on
forecasts of future results, estimates of amounts not yet
determined and assumptions of management, including, but not
limited to: the Company's belief that West Canyon Energy can
identify and successfully negotiate domestic leases for oil and gas
properties and that the Company can participate in the exploration
of those properties; that West Canyon will either receive the
balance of the sale of its Buena Vista properties for $4 million or
the project will revert back to West Canyon; that the sale of the
Buena Vista project will give West Canyon the ability to pursue
projects that would've otherwise been overlooked including projects
in the Rocky Mountain region and elsewhere in the U.S. and Canada;
that a company has been engaged to provide seismic interpretation
as well as a geological and geophysical review of West Canyon's
Slope County project in North Dakota; that West Canyon's Spring
Creek Project has estimated potential reserves of 60 million
barrels of oil; that at $100/barrel West Canyon would make $4.8
billion. Actual results may differ materially from those currently
anticipated due to a number of factors beyond the reasonable
control of the Company. Additional information on risks and other
factors that may affect the business and financial results of the
Company can be found in filings of the Company with the U.S.
Securities and Exchange Commission.
West Canyon Energy (CE) (USOTC:WCYN)
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