Business
Exxel Energy Corp.
Exxel Energy Corp..
About this update from Xxl Energy Corp.
[{"type":"text","content":"\n\n\n\n\n(TSXV Symbol: EXX)\n\nVANCOUVER, Dec. 23 /CNW Telbec/ -\n\n5 : 1 Stock Split\n-----------------\n\nExxel Energy Corp. announces that, subject to the approval of the TSX\nVenture Exchange (the \"Exchange\"), it will subdivide its issued and fully paid\ncommon shares on a 5 for 1 basis. The subdivision will be conducted as a \npush-out stock split resulting in the issuance of a total of 55,400,804 shares\nto the holders of record of its existing 13,850,201 shares, resulting in a\ntotal issued capital of 69,251,005 common shares following the subdivision.\nThe record date for determining shareholders of record for the purposes of\neffecting the subdivision will be settled in consultation with the Exchange.\nThe purpose of the subdivision is to increase the Company's float and\ntrading liquidity. No name change will be effected in conjunction with the\nsubdivision.\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n\n","length":1063,"tagName":"div"}]