Barrel Energy Inc (BRLL)

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BARREL ENERGY PROVIDES CORPORATE UPDATE
Press Release | 08/17/2022
Las Vegas, Nevada, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Barrel Energy Inc. (the “Company” or “Barrel”) (OTC: BRLL) is pleased to provide a corporate update for August 2022.

Barrel has engaged Dentons Canada LLC, a part of Dentons, the world’s largest multinational law firm to assist us in the process for removal of the Cease Trade Order (“CTO”) with the British Columbia Securities Commission in Canada. The application with supporting documents was recently submitted by Dentons on our behalf and we will keep shareholders updated on this process.

Additionally, we are pleased to inform our shareholders that the approximate number of outstanding shares will be reduced by 8 to 10 percent (%) due to the return of thirty to forty million shares to treasury from multiple noteholders. Also, the company expects there will be no new share issuances within the next 12 months.

Please visit our new website www.barrel.energy and our twitter www.twitter.com/barrelenergy for more updates.