August Energy Corp.

August Energy Corp.

March 16, 2005 15:11 ET

August Energy Corp. Announces a Three-for-One Forward Stock Split


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AUGUST ENERGY CORP.

PINK SHEETS SYMBOL: AENC

MARCH 16, 2005 - 15:11 ET

August Energy Corp. Announces a Three-for-One Forward
Stock Split

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) - August
Energy Corp. (the "Company") (PINK SHEETS:AENC) announces that its Board
of Directors has approved a 3 for 1 forward stock split of the Company's
common stock, which will increase the number of total shares outstanding
from approximately 19,608,700 to 58,826,100 shares. The record date for
the split is March 21, 2005, with an anticipated distribution date of
March 28, 2005. The Company's common stock is expected to be quoted, on
a post-split basis, beginning on March 31, 2005.

The stock split will be effected in the form of a stock dividend and
will entitle each stockholder of record at the close of business on
March 21, 2005, to receive two (2) additional shares of common stock,
par value $0.0001 per share, for every one share of common stock, par
value $0.0001 per share, held on the record date. Existing certificates
should not be destroyed or returned to the Company and will continue to
represent the number of shares indicated. New certificates will be
issued for the balance of shares due by the Company's transfer agent.
The split will involve no change in the Company's CUSIP number or its
trading symbol. The 3 for 1 stock split will not change the shareholders
existing proportionate ownership.

On behalf of the Board of Directors of:

AUGUST ENERGY CORP.

Jurgen Wolf, President

This press release may contain certain forward-looking statements within
the meaning of Section 27A of the Securities and Exchange Act of 1933,
as amended, and Section 21E of the Securities and Exchange Act of 1934,
as amended, which are intended to be covered by the safe harbors created
thereby. Investors are cautioned that all forward-looking statements
involve risks and uncertainties. Although August Energy Corp. believes
that the assumptions underlying the forward-looking statements contained
herein are reasonable, any assumption could be inaccurate, and
therefore, there can be no assurance that the forward-looking statements
included herein, the inclusion should not be regarded as a
representation by August Energy Corp. or any other person that the
objection and plans of August Energy Corp. will be achieved.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    August Energy Corp.
    Jurgen Wolf
    (604) 681-1559