Around the Web

Regal Resources Inc. Shareholders to Receive Share Issue Distribution From Holding Firm Vincent Oil Asset Management Corporation

AUSTIN, TX--(Marketwire - June 14, 2010) -  Regal Resources Inc. (FRANKFURT: R7P1) shareholders of record will receive a share issue distribution from Regal Resources Inc. holding company Vincent Oil Asset Management Corporation. All shareholders of record will receive 100 new shares of Vincent Oil Asset Management for every 10,000 Regal shares held. In addition each Vincent share will represent an oil reserve. As the oil is produced, payments to the shareholders will be sent in the form of a special distribution. In an example, for each 10,000 shares a shareholder would receive 100 bbls of oil reserve paid out over a term of 15 years. The distribution payments will be issued quarterly. The share issue will begin on July 15, 2010.

www.regalresde.com www.regalres.com

About Regal Resources Inc.

Regal Resources Inc. is an emergent diversified oil and gas operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, oil field services, and distribution. Our mission is to deliver a competitive and sustainable rate of return to our oil and gas shareholders by developing, acquiring and exploring for oil and gas resources vital to the world's economic welfare.

Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations. 

...link to original article

2010 thegreenjournal.ca. All postings are copyright of their original authors.
part of thegreenpages.ca network