Carson Development Corporation (CDVM)

[pacmed]

On Aug 28, 2007, 90 million cancelled to go from 109 - 19.


Renegade Energy Corporation Defaults on Financing Agreement With Petrolex, LP and Cancels 90,000,000 Shares of Common Stock That Were Issued for Oil and Gas Properties and Other Assets
Tuesday August 28, 2007 9:30 am ET


MORENO VALLEY, CA--(MARKET WIRE)--Aug 28, 2007 -- Renegade Energy Corporation ("Renegade") (Other OTC:RGDE.PK - News) announced today that Renegade has defaulted on its financing contract with Petrolex, LP, an Oklahoma Limited Partnership ("Petrolex") to further develop revenue producing oil and gas properties located in Oklahoma and other assets pertaining to those properties. Pursuant to the asset acquisition agreement, Renegade returned the subject oil and gas properties and other assets obtained from Petrolex to Petrolex and the 90,000,000 shares of common stock issued by Renegade were cancelled as of this date and returned to Renegade's authorized share capital. The Company will endeavor to search for other oil and gas properties which have the potential for profit pursuant to the Company's business plan.