TORONTO, Aug. 20, 2014 /CNW/ - Eagleford Energy Inc. (OTCBB "EFRDF") ("Eagleford Energy" or the "Corporation"), announces that it has filed Articles of Amendment effective August 25, 2014 consolidating the common shares of Eagleford Energy Inc., on the basis of one (1) common share for every ten (10) common shares (the "Consolidation"), and changing its name to EAGLEFORD ENERGY CORP. No fractional shares shall be issued as a result of the Consolidation, and if any fractional share would otherwise result from the Consolidation, such fractional share shall be rounded up to the nearest whole share. Eagleford Energy Inc. received the requisite shareholder approval to amend its Articles for the Consolidation and the name change at its Annual and Special Meeting of Shareholders held on February 27, 2014. Accordingly, the capitalization of the Corporation will be consolidated from 129,139,068 common shares issued and outstanding to approximately 12,914,421 common shares issued and outstanding under the new name EAGLEFORD ENERGY CORP.
The new ISIN number is CA27004H1010 and the new CUSIP number is 27004H101. FINRA has approved the quotation of the common shares of EAGLEFORD ENERGY CORP., on the OTCBB under the symbol EGFDF effective 20 business days following the Consolidation.
Certain information regarding the Company in this news release may constitute forward-looking statements under applicable securities laws. The forward-looking information includes, without limitation, projections or estimates made by us and our management in connection with our business operations. Various assumptions were used in drawing the conclusions or making the forecasts and projections contained in the forward-looking information contained in this press release, which assumptions are based on management analysis of historical trends, experience, current conditions and expected future developments pertaining to the Company and the industry in which it operates as well as certain assumptions as specifically outlined in the release above. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release. Undue reliance should not be placed on forward-looking information, which is not a guarantee of performance and is subject to a number of risks or uncertainties. Readers are cautioned that the foregoing list of risk factors is not exhaustive. Forward-looking information is based on the estimates and opinions of the Company's management at the time the information is released and the Company disclaims any intent or obligation to update publicly any such forward-looking information, whether as a result of new information, future events or otherwise, other than as expressly required by applicable securities laws.
SOURCE: Eagleford Energy Inc.
For further information: Eagleford Energy Inc., Investor Relations, Telephone: 832 301 0519