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TOPIC: Mwex

Mwex 14 years 5 months ago #802

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[MWEX added back to the OTCBB today...]
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
13:35 MWEX Mountains West Exploration, Inc. Common Stock 11/01/2004 From NBB (MWEX) **

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Mwex 14 years 5 months ago #801

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[MWEX-Mountains West Exploration, Inc.]
Added new Shell Stock to the Profile List:

MWEX – Mountains West Exploration, Inc. (OTCBB: 0.005 x 0.007)

Some excerpts:

As of May 31, 2004, 37,019,271 shares of common stock were issued and outstanding.

The Company is seeking shareholder approval to sell all of the gas and mineral assets of the Company for the best price obtainable and to distribute the net cash proceeds pro rata to shareholders.

Management estimates that after payment of approximately $100,000 in debt, and any other incidental expenses, the distributable net proceeds would be approximately $100,000 to $125,000.

After sale of these assets, the Company will not have any activities and will search for an acquisition.

We are asking shareholders to approve a pro-rata reverse split of our common stock, by which up to each fifty shares would become one share. Fractional shares will be rounded up to the next whole share. The effective date of the reverse split will be thirty days following the date of the meeting. This is not a "going private" transaction, and no shareholders will be reduced to less than one share. This action will not have the effect of reducing our shareholders to less than 300.

PRE14A SEC Filing
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