hello every one and welcome to marketcashflow.net we open in7 to 10days awe are ainvestor relations firm. and we are 100%free we dont charge to use are services at all. 100% free
hear are last 3stock picks that made huge amounts of money for are members
drl i pick it at 85cents went to 31bucks plus.
sir at 65cents went to 1.30 plus.
vmw pick it at 30 bucks went to 93bucks
as you see all huge amounts was made on my last 3picks
now for my new one pseg its at 1.91right now
HOUSTON, Oct 04, 2007 (BUSINESS WIRE) -- PetroSouth Energy Corp. ("the Company"), (NASD OTC BB:PSEG), is pleased to announce the completion of their merger transaction with PetroSouth Energy Corp. BVI, a private corporation, following approvals by both companies' board of directors.
On October 2, 2007 the Company completed the acquisition of all of the issued and outstanding common stock of PetroSouth Energy Corp. BVI, a privately-owned British Virgin Islands corporation engaged in oil and gas exploration, pursuant to a share exchange agreement we entered into with PetroSouth Energy Corp. BVI and its shareholders on September 30, 2007. The Company issued, an aggregate of (i) 28,266,666 common shares of our common stock and (ii) 28,266,666 warrants to purchase common shares in the capital of PetroSouth Energy Corporation at $1.25 per common share. The securities issued in the merger have not been registered under the Securities Act of 1933 and may not be resold for a period of one year absent a registration pursuant to the Securities Act. The complete terms of the merger are disclosed in 8-K filings and can be accessed with reports filed with the SEC.
Fred B. Zaziski, Chairman of PetroSouth Energy Corp., states: "The public listing of PetroSouth Energy Corp. through this merger is an important development in the company's growth strategy. A public market allows us to pursue our business plan more aggressively while providing us with the proper venue for corporate visibility for investors and stakeholders in PetroSouth Energy."
About PetroSouth Energy Corp.
PetroSouth Energy Corp. is a publicly traded independent oil and gas exploration company with headquarters in Houston. PetroSouth Energy Corp. trades on the NASD OTC BB under the ticker symbol: PSEG.
On behalf of the Board
Fred B. Zaziski, Chairman
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that PetroSouth Energy can identify and successfully negotiate leases for oil and gas properties and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.
SOURCE: PetroSouth Energy Corp.