Royal's Board Okays Forward Stock Split
Royal Petroleum Corp.'s board of directors has approved a forward split of the company's stock.
Shareholders of record as of April 23, 2007, will receive five common shares for every one common share held. There will be no change in the par value of the shares. Royal Petroleum shareholders of record will be issued the additional shares by mail on payment date of May 11, 2007, and will not be required to surrender existing certificates.
Royal Petroleum Corp. focuses on acquiring existing oil and gas wells, bringing them back into production for re-sale by using the latest technologies available.
- Royal's Board Okays Forward Stock Split (Apr 05)
- Royal Petroleum Acquires Exploration Leases in New Mexico (Nov 29)
- Royal Petroleum Developing New Technology for NC-02 Oil Extraction (Sep 11)