Hydrocarb
Energy Corporation (OTCQB:HECC) is pleased to announce a 3:1 reverse
split of its authorized and outstanding common stock in order to qualify
for a major stock exchange listing.
The reverse split is for each 3 shares of issued and outstanding common
stock to be combined into one share of common stock. The Company’s
common stock will trade today on a split-adjusted basis under a new
CUSIP number (448838300). The Company’s ticker symbol, “HECC”, remains
unchanged; however, the ticker symbol will be represented as “HECCD” for
up to 20 trading days following the reverse split effective date.
As a result of this action, the number of outstanding common shares are
now reduced from 62,886,433 to approximately 20,962,214, subject to
adjustment for fractional shares. Fractional shares will be rounded up
to the next whole share. It is not necessary for shareholders to
exchange existing stock certificates for new stock certificates in
connection with this action, although they may do so if they wish.
Shareholders should direct any questions concerning certificates to
their broker or Hydrocarb’s transfer agent, Transhare Securities
Transfer and Registrar, at (303)-662-1112.
About Hydrocarb Energy
Hydrocarb Energy Corporation is a publicly-traded Domestic and
International Energy Exploration and Production Company targeting major
under-explored oil and gas projects in emerging, highly prospective
regions of the world. With exploration concessions in Africa, production
in Galveston Bay, and Oil Field Services in the United Arab Emirates, we
maintain offices in Houston, Texas, Abu Dhabi, UAE and Windhoek, Namibia.
For further information: www.hydrocarb.com.
Forward-looking Statements
This release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements, which contain words such as "expect," "believe" or "plan,"
by their nature address matters that are, to different degrees,
uncertain. These uncertainties may cause actual future events to be
materially different than those expressed in our forward-looking
statements. We do not undertake to update our forward-looking statements.
Copyright Business Wire 2014