BKEN - ( BKEN ) Bakken Energy Corp Announces Elimi
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Posted On: 10/02/2018 12:39:32 PM
BKEN - ( BKEN ) Bakken Energy Corp Announces Elimination of Toxic Debt and No Reverse Split of Its SharesFont size: A | A | A
11:50 AM ET 10/2/18 | Dow Jones
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12:39 PM ET 10/2/18
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LAS VEGAS, NV / ACCESSWIRE / October 2, 2018 / Bakken Energy Corp. formerly Orofino Gold Corp. (OTC PINK: BKEN) announced today that all toxic convertible debt has been eliminated from its books and can no longer negatively impact the Company or its shareholders. The Company wants to assure all BKEN shareholders no dilution and no reverse split.
The Company also announced today in response to numerous shareholder inquiries, that BKEN is categorically not planning or even considering a reverse split of its shares.
Ning Shi Long, president of BKEN stated, "I am thrilled that we have been able to eliminate this huge amount of toxic convertible debt from our books, which has been hanging over the Company's head for over three years. Now we can look forward to a great 2018 fourth quarter."
Forward-Looking Statements: These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
11:50 AM ET 10/2/18 | Dow Jones
RELATED QUOTES
12:39 PM ET 10/2/18
Symbol Last % Chg
BKEN
0.00 20.00%
Real time quote.
LAS VEGAS, NV / ACCESSWIRE / October 2, 2018 / Bakken Energy Corp. formerly Orofino Gold Corp. (OTC PINK: BKEN) announced today that all toxic convertible debt has been eliminated from its books and can no longer negatively impact the Company or its shareholders. The Company wants to assure all BKEN shareholders no dilution and no reverse split.
The Company also announced today in response to numerous shareholder inquiries, that BKEN is categorically not planning or even considering a reverse split of its shares.
Ning Shi Long, president of BKEN stated, "I am thrilled that we have been able to eliminate this huge amount of toxic convertible debt from our books, which has been hanging over the Company's head for over three years. Now we can look forward to a great 2018 fourth quarter."
Forward-Looking Statements: These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
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