Dallas, TX -- (PRNewswire-FirstCall) -December 13, 2011 -- Sun River Energy, Inc. (OTC:BB:SNRV). On December 13, 2011, Sun River Energy, Inc. (the "Company" or "Sun River") announced the termination of its consulting agreement with Cicerone Corporate Development, LLC ("Cicerone").On December 12, 2011, the Company terminated the consulting agreement between Cicerone and the Company. Cicerone has been providing consulting services to the Company since approximately July of 2009.
SNRV approves reverse stock split(R/S) within a range of 1-for-2 to 1-for-10 at any time prior to January 31, 2013.
(Nasdaq Approved SNRV 'S application for a listing - stipulating the stock maintain a PPS of over $4.00 for at least 10 consecutive weeks) The PPS began a freefall as It slid from over $5.00 PPS to under a Dollar
Feb 24 2012 SNRV terminated the service of another board member, Dr. Steven R. Henson, as a result of his disregard and failure to comply with the Company's Code of Ethics and Business Conduct.
The Company terminated Dr. Henson's service on the board following a series of recent events which the Company determined were in violation of the Company's Code of Ethics and Business Conduct. Those events included, but are not limited to, the following: (1) selling securities while in possession of material, nonpublic information (2) unauthorized disclosure of confidential information regarding the Company; and (3) unauthorized communication with the press.
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