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Re: News Releases - Thursday, January 29, 2009
SHARE CONSOLIDATION APPROVED
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VANCOUVER, British Columbia -- January 29, 2009 -- Horizon Industries
Ltd. (TSXV:HRZ), announces that the shareholders of the Company have
approved by a wide margin, share consolidation of 8:1 of its share
capital at the extraordinary general meeting held today. The current
issued and outstanding number of 27,418,800 shares will be consolidated
into 3,427,350 shares. The purpose of the share consolidation is to
facilitate further financings and transactions for the Company. The
Company also received shareholder approval for a name change to more
accurately reflect the nature of Horizon's business, which will
coincide with the share consolidation. The share consolidation and new
Company name are subject to TSX Venture Exchange approval
On Behalf of the board of directors,
"Christopher Wensley"
Christopher Wensley, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this News
Release. WARNING: The Company relies on litigation protection for
"forward looking" statements. Actual results could differ materially
from those described in the news release as a result of numerous
factors, some of which are outside the control of the Company.
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Copyright (c) 2009 HORIZON INDUSTRIES LTD. (HRZ) All rights reserved.
For more information visit our website at
http://www.horizonindustriesltd.com/ or send
mailto:info@horizonindustriesltd.com
Message sent on Fri Jan 30, 2009 at 9:46:51 AM Pacific Time
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Petro Horizon Energy Corp.
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EXPLORATION STAGE |
CODE : PHE.V |
ISIN : CA7164501016 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Petro Horizon Energy is a and oil exploration company based in Canada. Its main exploration properties are NEW WAVERLY PROSPECT and FUNK PROSPECT in USA. Petro Horizon Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 2.0 millions, € 1.6 millions). Its stock quote reached its lowest recent point on January 16, 2009 at CA$ 0.01, and its highest recent level on March 19, 2010 at CA$ 0.48. Petro Horizon Energy has 6 504 000 shares outstanding. |