UnionTown Energy Inc.(fka UTOG)

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NEWS: UnionTown Energy Postpones Closing on Jayhawk Energy Inc. Purchase Agreement

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Press Release Source: UnionTown Energy Inc. On Wednesday February 2, 2011, 6:30 am
LAS VEGAS, NV--(Marketwire - 02/02/11) - UnionTown Energy Inc. (OTC.BB:UTOG - News), an Independent Oil & Gas Company, today announced that it is postponing the closing of its previously announced Purchase Agreement with JayHawk Energy Inc. (JayHawk) due to discrepancies in the target property size, initially represented to UnionTown to be the total 45,000 acres held by Jayhawk in Kansas as set out on the Jayhawk website.

During the due diligence process it was discovered that the size of the property originally offered to UnionTown by JayHawk was significantly different from the property size in the proposed closing documents.

In addition, the Independent Consultant Report had a further conflicting figure in total land size.

Although the property size does not affect the viability of the Project, UnionTown has instructed its legal counsel to confirm the correct property size prior to proceeding.

About Uniontown Energy

Uniontown Energy Inc. is an Independent Oil & Gas Company whose focus is the acquisition, development and production of oil and natural gas properties. The Company is pursuing a strategy of building a portfolio of energy producing assets that include coal bed methane, natural gas, shale gas, oil sands and deep natural gas throughout Western Canada and the United States.

http://finance.yahoo.com/news/UnionTown-Energy-Postpones-iw-2523248494.html?x=0&.v=1