SOURCE: UnionTown Energy Inc.

UnionTown Energy Inc.

June 16, 2011 03:30 ET

UnionTown Energy Inc. (UTOG) Resumes Trading

The Company Has Prepared a 15C 2-11 to Be Submitted With Its 2nd Quarter 10Q Financial Filing

BILLINGS, MT--(Marketwire - Jun 16, 2011) - UnionTown Energy Inc. (OTCBB: UTOG) today reported that shares in its common stock has resumed trading on the OTC Grey Market following termination of the SEC trading suspension on June 14th 2011 at 11:59 p.m. EDT.

UnionTown is taking the necessary steps to have its shares reinstated on the OTCBB. The company has prepared a 15C 2-11 and is finalizing its 10Q filing, which it intends to submit no later than end of day, June 16, 2011.

The Company has been advised by legal counsel that, after the filing of the 10Q is completed by the company, market makers may file the 15C 2-11 with FINRA for approval, which should result in the company trading again on the OTCBB.

A "15C 2-11" is a document which includes a number of disclosures and corporate information. Interested parties may read more about this document at

This prospectus-type document will be reviewed by FINRA, the largest independent regulator for all securities firms doing business in the United States.

"We are working as quickly as possible to have our shares trading back on the OTCBB," said Mr. Darren Stevenson, UnionTown's President and CEO. "During the trading suspension, we continued to move forward with our business plan and our efforts to build shareholder value. During the period of the suspension, we commenced drilling our first well at our New Miami property and intersected oil, resulting in promising oil shows. We're extremely proud of this achievement, and we remain completely focused on our strategy of acquiring properties and moving towards becoming an energy producer."

About UnionTown Energy Inc.
UnionTown Energy Inc. is a fully reporting, exploration-stage company that is building towards becoming an oil and gas producer. We are proudly engaged in the acquisition and exploration of oil and natural gas properties located within America's borders. For more information about our company, please visit

Safe Harbor
The information in this release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the Company believes that its expectations are based on reasonable assumptions, actual results may differ materially. These forward-looking statements, specifically statements relating to listing and trading on the OTCBB, future exploration activities and the potential results of exploration activities on these properties, involve risks and uncertainties that include, among others, fluctuations in natural gas and crude oil prices; the timely receipt of necessary permits and approvals; market demand for, and/or available supplies of, energy-related products and services; unanticipated project delays, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect the Company's financial results is included in its filings with the Securities and Exchange Commission.

Contact Information

  • Contact
    Patrick Smyth
    Vice President of Finance
    Email Contact
    Phone: (702) 530-3241