Another blast from the past.
Native American Energy Group, Inc. Announces Insider Share Lockup
FOREST HILLS, N.Y., Oct 06, 2006 (BUSINESS WIRE) -- Native American Energy
Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG) announced today
the execution of Share Lockup Agreements for all of its Control Shareholders, Officers,
Directors and Management Team.
The lockup agreements prevent each officer and director from selling any amount of
their shares of NAEG stock for a period of 18 months. Presently, these shareholders
combined own an aggregate of 895,000,000 shares of Native American Energy Group
stock, representing approximately 73.1% of the current issued and outstanding shares.
Chief Financial Officer Raj Nanvaan of NAEG, stated, "We are encouraged by our recent
growth and acquisitions and we, as management, are proud to have the opportunity to
demonstrate our commitment and confidence in the Company's continuing growth by
entering into a voluntary share lockup agreement. It is our responsibility, as the
Management Team, to promote pride in ownership and be accountable to the
shareholders for the Company's success. Native American Energy is committed to its
expansion plan and enhancing its acquisitions, and to the further development of our oil
& gas and renewable energy projects."
Any posts are just an opinion and should not be taken as investment advice. Always do your own DD