LLEG .041 x .045, 10 for 1 forward split...
Current outstanding shares is 20 million, float 3 million
NEW YORK, Aug 29, 2006 (BUSINESS WIRE) -- Laidlaw Energy Group, Inc. (LLEG) announced today that its board of directors has approved a 10 for 1 forward stock split of the Company's common shares. Each shareholder of record at the close of business on September 8, 2006 will receive nine (9) additional shares for every outstanding share held as of the date thereof. The payment date for the additional shares will be September 9, 2006, with distribution of the new shares to occur on or about September 12, 2006.
About Laidlaw Energy Group
Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through development, acquisition, conversion of existing facilities and through partnering with manufactures that have significant electric and thermal needs. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our website at www.NYENRG.com.
