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Originally Posted by goldengem123
Anybody know what made it explode like that before the close? I know &&&&&&&& alerted it but I dont think he has a big enough following to make it explode like that. It did have news after close too.
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Lux Energy Corp Capital Re-Organization Pending
Press Release
Source: LUX Energy Corporation
On 4:00 pm EST, Tuesday November 10, 2009
Buzz up! 0 Print.LUXE: OTC-BB
CALGARY, Nov. 10 /PRNewswire-FirstCall/ - Shane Broesky, President and CEO has confirmed that the Company will make application to the regulatory agencies whereby the capital stock of the company will be forward split on a 3 for 1 basis. Upon legal and regulatory approvals, the issued and outstanding shares of Lux Energy Corp will increase from 25,250,000 to 75,750,000.
President Broesky advises that the directors are of the opinion that the increased share capacity gives the Company the needed flexibility and structure to attract favorable equity financing opportunities.
Lux Energy Corp. has to date attracted private funds for its oil and gas endeavors in Oklahoma and West Central Alberta. The Company has been fortunate to have established a significant footprint in West Central Alberta with 3 successful well ventures. The President stated that the revised capital stock structure will greatly facilitate our ability to go out and raise equity financing in order for us to pursue what we consider to be outstanding opportunities in various petroleum arenas.
A copy of the filed information can be found for viewing by electronic means by viewing the Company's filings on
U.S. Securities and Exchange Commission (Home Page).
Lux Energy Corporation
Lux Energy is an oil and gas production and exploration company focusing on developing oil and gas resources in North America.