Eagle Oil Holding Company Inc. (EGOH:OTC) has cancelled its stock dividend since funding tied to the action did not occur as was contractually agreed upon. As a result, the cost to issue the stock dividend will now be prohibitive.
Eagle Oil will provide updates shortly on its oil projects in Venango County, PA. Our contract signed with Hyams Family Trust is ironclad and, as a result, we are hoping to get the issues resolved before the end of the year.
Forward- Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements
that reflect the Company’s current expectation regarding future events. Actual
events could differ materially and substantially from those projected herein
and depend on a number of factors. Certain statements in this release, and
other written or oral statements made by Eagle Oil Holding Co. are
“forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
You should not place undue reliance on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors which are, in
some cases, beyond the Company’s control and which could, and likely will,
materially affect actual results, levels of activity, performance or
achievements. The Company assumes no obligation to publicly update or revise
these forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to
differ materially from the Company’s expectations include, but are not limited
to, those factors that are disclosed under the heading “Risk Factors” and
elsewhere in documents filed by the Company from time to time with the United
States Securities and Exchange Commission.
Contact Information:
eagleoilholdingcompany@gmail.com