Palm Beach, FL 3/7/12 (StreetBeat) -- Eagleford Energy Inc. (OTC.BB: EFRDF) announces that following its Annual Meeting of Shareholders held on February 24, 2012 and the shareholder consents given therein, the Corporation has authorized a 2-for-1 forward stock split (the "Stock Split"), pursuant to which one (1) newly-issued share of the Corporation's common stock (the "Common Stock") shall be issued to each holder of a share of Common Stock as of the close of business on March 16, 2012 (the "Record Date").The Articles of the Corporation will be amended to effect the Stock Split by filing Articles of Amendment to implement the Stock Split effective the Record Date. The Common Stock to implement the Stock Split shall be issued effective March 19, 2012. No fractional shares shall be issued as a result of the Stock Split, and if any fractional share would otherwise result from the Stock Split, such fractional share shall be rounded up to the nearest whole share and delivered to the holder of the fractional interest as his or her interest appears.
The shares of Common Stock issued pursuant to the Stock Split will be delivered to the Corporation's stockholders of record as of the Record Date at their respective address of record appearing on the books of the Corporation. The Corporation's stockholders will not be required to surrender their existing certificates to receive the shares to be issued pursuant to the Stock Split.
About Eagleford Energy Inc.
Eagleford Energy Inc. is a growth orientated oil and gas company with a focus on growing hydrocarbon reserves, cash flow, and net asset value per share through exploration and production of mineral properties in South Texas.
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