Originally Posted by andymenke
Good news.. Westar issued a press release this morning stating that they're increasing the dividend, to a 1:1 stock split. Expected to go into effect sometime next week. This is looking better every week, I half expect them to hit oil, the way this is looking
6:00a ET June 29, 2007 (Market Wire)
Terax Energy (OTCBB: TEXG), soon to be called Westar Oil and Gas Inc. (Westar), announced they will increase the share dividend equal to One for One. Each shareholder of record on the date the symbol changes will receive an additional share of Terax as a stock dividend. It is expected that the symbol will change within the next week.
Westar has also announced that it will be closing on the purchase of a controlling interest in a public oil and gas company for $150 Million Dollars. This acquisition is set to close on the second week of July. The source of funds used to close the purchase will be from a senior secured loan. (((___No shares of Westar will be issued as part of this purchase___))).
Yea should be good but What i dont like is the dividend is after the name change & also No Westar shares are included considering thats what its changing too?