Emerald Oil, Inc. (EOXLQ)

[LouisDesyjr]

Reverse split will be 1:20

EOX announced in the prospectus for the $150MM USD, that they are going to do the reverse split before issuing the additional shares, and that it will be 1:20:
http://ih.advfn.com/p.php?pid=nmona&article=66914354

"Subject to the approval of our stockholders, we intend to effect a 1-for-20 reverse stock split of our issued and outstanding shares of common stock (the “proposed reverse stock split”) prior to the closing of this offering."

The price is holding above $0.50, so a 1:20 reverse would put the price at around $10/share.

Louis J. Desy Jr.