August Energy Corp.

August Energy Corp.

April 28, 2011 21:30 ET

August Energy Corp. Announces FINRA Approval of Restructuring

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2011) - AUGUST ENERGY CORP. (PINK SHEETS:AENC) (the "Company") announces FINRA approval of the proposed name change, reverse-split and new symbol.

The Company was notified by FINRA that effective at the open of business on May 02, 2011 the following changes will take effect:

  • Name change to "CANYON GOLD CORP."
  • Reverse Split of the issued and outstanding common shares by One share for Five Hundred Shares
  • New Trading Symbol "CGCCD" whereby the "D" will be removed after 20 days and the symbol will be "CGCC"

The new Cusip Number for the common stock will be '138857 107'.

The Company is presently engaging legal and auditing services to prepare the necessary documents required to file for full reporting status with the SEC and trading on the OTCQB.

The Company's Business:

The Company owns and controls certain Mineral Lease Claims in the extended Long Canyon Gold Trend area of the State of Nevada. The Company has engaged professional services and commissioned an initial report which will define the future exploration and development program for the claims.

Forward-Looking Statements

This news release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives or expected results of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements.

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