Cheetah Oil & Gas announced that effective the open of business August 20, 2009, Cheetah Oil & Gas Ltd. will have a new OTCBB trading symbol of COHG.
Also effective the opening of business August 20, 2009, Cheetah has effected a stock reverse split of 1 new share for 10 old shares. This will serve to reduce the number of shares issued and outstanding from the current quantity of 37,086,740 shares to a new issued and outstanding quantity of 3,708,674 shares.
The extraordinarily difficult market environment for financing ongoing operations, exploration and corporate expansion has convinced management that the share restructuring was necessary. The Company continues to build value through oil and gas operations and to that end is currently examining potential development drilling opportunities in its proven oil field, Belmont Lake.
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