Business
World Oil Group Inc. to Reduce Its Outstanding Shares by 31.3 Million
DEBARY, FL / ACCESSWIRE / January 28, 2015 / World Oil Group, Inc. (OTC PINK: WOGI) effectiv...
About this update from Global Tactical Metals Corp.
[{"type":"text","content":"World Oil Group Inc. to Reduce Its Outstanding Shares by 31.3 MillionDEBARY, FL / ACCESSWIRE / January 28, 2015 / World Oil Group, Inc. (OTC PINK: WOGI) effective January 27, 2015 WOGI has executed an agreement for the return of 31.3 million shares of its Outstanding Common stock.\nWOGI mentioned in its last press release, the Company was going to take steps to get back the shares retained after the merger. After a few weeks of negotiations an agreement was executed to return the shares back to the Company. Currently 8 million shares are held at the transfer agent and 22 million shares are in the Company’s possession with the paper work to cancel those shares. The remaining 1.3 million shares will be returned to the Company.\nThe Company was able to recover an additional 500,000 shares that were issued to XSKN, which will be held by the Company until the proper paperwork has been executed by XSKN to enable the shares to be returned to treasury.\nThe Company is also seeking the return of 400,000 that where issued for a transaction for Cyber-Thingy and should have been returned prior to the merger that took place on the 28th of August.\nMr. Hall stated, \"I am happy this is behind us; the return of the shares is a victory for the shareholders who never thought this would happen. I feel today is the first day the Company is moving forward and I relish in the opportunity to build a Company all shareholders can profit from.\"\nAbout World Oil Group, Inc.\nWorld Oil Group, Inc. (WOGI) is a petroleum company that has traditionally focused on Oil & Gas Exploration in the Pennsylvania markets by and through its wholly owned subsidiary EPA Petroleum, Inc. WOGI will be scaling in the petroleum industry over the 1st and 2nd quarters of 2015 and will keep its shareholders updated.\nEPA Petroleum, Inc. \"EPA\" is a wholly owned subsidiary of World Oil Group, Inc. (WOGI). The Company is an independent producer of crude oil and natural gas. EPA Petroleum is actively involved in drilling activities within the Commonwealth of Pennsylvania using Xite Energy, Inc. as its subcontractor drilling partner.\nEPA Petroleum is always seeking new opportunities in the petroleum industry. EPA Petroleum looks to work with the local communities to help bring jobs within each drilling and fuel trading region.\nEPA Petroleum's vision is to grown expon...