I have already received a PM about the chart...The reason for the recent rise is here.
Stafford Closes Nucon Acquisition
VANCOUVER, British Columbia, May 8, 2006 (PRIMEZONE via COMTEX) -- Stafford Energy, Inc. ("Stafford") (Pink Sheets:SFDE) is pleased to announce that it has closed the Share Exchange Agreement with Nucon, Inc. ("Nucon"), a Nevada company.
As of this date, Mr. Robert Stepan, Mr. Todd Sinclair and Mr. Sven Smeds have resigned as Directors of Stafford, and Mr. J. Holt Smith, Esq. has been appointed to the Board of Directors. Mr. Richard Connors will remain on the Board for the transition period until a newly elected Nucon Board of Directors assume their duties.
Stafford will begin the transition period whereby it will complete all necessary filings with the State of Nevada and the NASD to affect a name, cusip number and symbol change to reflect the new name, NUCON-RF, Inc. In addition, under the terms of the share exchange agreement, Stafford will effect a 275-to-1 share consolidation on or about May 22nd, 2006, after which, Stafford will acquire 22,500,000 common shares of Nucon representing 100% of Nucon's outstanding common stock in exchange for 22,500,000 shares of Stafford's common stock. In addition, there will be an issuance of 3,000,000 post consolidated debt settlement shares. On completion of the transition period, Stafford will have a total of 25,858,647 common shares issued and outstanding.
AI
