ST Online Corp. Acquires Park Place Energy, a Private Canadian Oil and Gas Company
05 7월 2007 - 8:00PM
PR Newswire (US)
VANCOUVER, July 5 /PRNewswire-FirstCall/ -- (OTCBB:STOI) ("ST
Online" or the "Corporation") wishes to announce that it has
entered into an agreement to acquire all of the shares of Park
Place Energy, Inc. ("Park Place") a private Canadian corporation
with interests. In anticipation of the completion of the
reorganization the Company has agreed to appoint David Stadnyk to
the board of the Company, elected to change its name to Park Place
Energy Corp. and implement an 8 for 1 split of its shares, all of
which become effective July 6, 2007. Subsequent to determining
these matters the board has resolved to effect a further 1.5 for 1
split of its stock in order to effectively split the current issued
shares of the Company 12 for 1. The record date for this latter
split remains to be determined. ABOUT PARK PLACE ENERGY Park Place
Energy is first and foremost a global energy corporation.
Currently, it has Canadian production as well as several
exploration properties with blue-sky potential, in Canada, and most
notably a major North Sea property as well. Its primary activity is
in oil and gas exploration and development, including the Canadian
oilsands. Park Place utilizes its expertise in the oil and gas
industry to create shareholder value and profitability by pursuing
attractive opportunities in the global oil and gas industry. Using
the appropriate financial resources and the latest technologies,
Park Place Energy, alone or through creative joint ventures and
innovative partnerships, has a strategic five-year operating plan
to optimize profitability and shareholder value. Certain
information regarding the Company contained herein may constitute
forward looking statements. These statements my include estimates,
plans, expectations, opinions, forecasts, projections, guidance or
other statements that are not statements of fact. Although Park
Place Energy believes that the expectations reflected in such
forward looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. These
statements are subject to certain risks and uncertainties and may
be based on assumptions that could cause actual results to differ
materially from those anticipated or implied. The Company is under
no obligation to update or alter any forward looking statement.
These risks include operational and geological risks, the ability
of the Company to raise necessary funds for exploration and the
fact that the Company does not operate all its properties. Park
Place Energy's forward looking statements are expressly qualified
in their entirety by this cautionary statement. CONTACT: David
Stadnyk, President and Chief Executive Officer, Park Place Energy
Inc., (604) 685-0076; Investor Relations Park Place Energy Inc.,
(604) 685-0076, Email: Website: http://www.parkplaceenergy.com/
DATASOURCE: Park Place Energy Inc. CONTACT: David Stadnyk,
President and Chief Executive Officer, Park Place Energy Inc.,
(604) 685-0076; Investor Relations Park Place Energy Inc., (604)
685-0076, Email: Website: http://www.parkplaceenergy.com/
Copyright