From yahoo!!
Premium Petroleum to Retire Shares
Premium Petroleum to Retire Shares
Calgary, Alberta--, Nov. 24, 2009 (Newsmakerradioone) -- Premium Petroleum, Corp. (Pink Sheets:PPTL) is pleased to announce that as of 11-20-2009 the company has acquired approximately 500 million shares and will issue instruction to the transfer agent to retire them. The company is also expected to release updates on the Grand Rapids Oil Sands and Boyne Lake projects in the next week.. "It is expected that in the next few weeks our transfer agent will receive the certificate(s) and complete the retirement", said President and CEO Bruce Thompson. "Our company has been working extremely hard over the last few years , to bring promise to our company and shareholders. We have seen extensive interest in our projects and land from outside companies, and will provide an update to our shareholders before the end of the month".
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For more detail about the company, its management, and projects, please refer to our web site: www.premiumpetroleum.com.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the Company and its operations are included on certain forms the Company files with the Securities and Exchange Commission.
AI
