North Carolina Natural Energy Announces Reverse Split
North Carolina Natural Energy, Inc. announces a reverse split of the company's common stock.
Online, March 13, 2013 (Newswire.com) - North Carolina Natural Energy, Inc.(OTC:NCNE), announced today a reverse split of the common stock of the company on a basis of 5000:1 was approved by the Financial Industry Regulatory Authority, (FINRA), to be effective as of March 14, 2013. The symbol will be NCNED for 20 business days then revert back to NCNE. FINRA Rule 6490 (Processing of company-Related Actions) requires reviews a complete corporate history, proposed structure, mergers, acquisitions, shareholder ownership, officers, directors, and other documents in order to foster cooperation and coordination of the clearing, settling, and processing of equity and debt securities of issuers with a class of publicly-traded, non-exchange listed securities.
North Carolina Natural Energy, Inc. is a development stage company in the business of managing alternative energy solutions including biofuel, wind energy, agriculture and livestock. The company is in various stages of negotiations to further its growth.
Forward Looking Statements
This press release contains forward-looking statements subject the inherent uncertainties of predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "expects," "estimates," and similar expressions) should also be considered forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with OTC Markets. We undertake no obligation to update such statements to reflect subsequent events.
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North Carolina Natural Energy, Inc.
Clinton Walker, CEO
704-965-7520
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Tags: alternative, energy, green, smallcap, stocks