Printer Friendly

NAHAMA & WEAGANT ENERGY SHAREHOLDERS APPROVE ONE-FOR-TWO REVERSE STOCK SPLIT

 NAHAMA & WEAGANT ENERGY SHAREHOLDERS
 APPROVE ONE-FOR-TWO REVERSE STOCK SPLIT
 BAKERSFIELD, Calif., Jan. 17 /PRNewswire/ -- Nahama & Weagant Energy Company (NASDAQ: NAWE) announced today that its shareholders have approved a one-for-two reverse stock split of the outstanding shares of the company's common stock.
 The reverse stock split, effective as of the close of trading today, will reduce the number of outstanding shares of the company's common stock from approximately 3,416,510 to approximately 1,708,255. The reverse stock split will not change the number of authorized shares of common stock under the company's restated articles of incorporation, which will remain at 21 million.
 (The company's shareholders also approved an amendment to the company's articles of incorporation to eliminate certain voting and approval rights of the holder of the company's Series A preferred stock. This amendment will become effective only if the company consummates an underwritten public offering of its common stock on or before June 30, 1992.)
 Based in Bakersfield, Nahama & Weagant Energy Company is an independent oil and gas exploration and production company engaged in oil and gas exploration, development and production, primarily in California and Oregon.
 -0- 1/17/92
 /CONTACT: Denis Fitzpatrick of Nahama & Weagant, 805-323-9075/
 (NAWE) CO: Nahama & Weagant Energy Company ST: California IN: OIL SU:


CK-JT -- NY062 -- 1147 01/17/92 17:03 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 17, 1992
Words:219
Previous Article:PENNSYLVANIA GUARD FORCE TO BE REDUCED
Next Article:NATIONAL CITY BANCORPORATION REPORTS INCREASED EARNINGS
Topics:


Related Articles
NAHAMA & WEAGANT ENERGY ANNOUNCES ISSUANCE OF SHARES OF COMMON STOCK
NAHAMA & WEAGANT ENERGY ANNOUNCES THE DISCOVERY OF NEW GAS FIELD
NAHAMA & WEAGANT SELLS OVERALLOTMENT OF ITS RECENT SUCCESSFUL PUBLIC OFFERING
NAHAMA & WEAGANT REPORTS RECORD INCOME FOR FIRST QUARTER 1992
NAHAMA & WEAGANT ENERGY REPORTS EARNINGS
NAHAMA & WEAGANT REPORTS THIRD QUARTER EARNINGS; NEGOTIATING CUSTOMERS FOR UNDERGROUND GAS STORAGE RESERVOIRS
NAHAMA & WEAGANT ANNOUNCES A SUCCESSFUL GAS WELL IN ITS SOUTH DAVIS FIELD
NAHAMA & WEAGANT REPORTS HIGHER SALES AND EARNINGS FOR FIRST QUARTER
ALEXANDER ENERGY AND NAHAMA & WEAGANT ENTER LETTER OF INTENT
NAHAMA & WEAGANT AND ALEXANDER ENERGY ENTER LETTER OF INTENT

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters