Published:
Wilon Resources, Inc. Goes Public
Wilon Resources, Inc. (PINKSHEETS: WLON)
today announced that its stock has been approved for trading in the
Electronic Pink Sheets. Plans are to conclude an agreement with a New York
investment banking firm to advise on the management of the offering.
In making this announcement, Harry Thompson, President and CEO of Wilon,
said this is a major step in accelerating the growth of the company. In
the past, Wilon raised the working capital by offering private investors
participation in the production of natural gas wells. As a public company,
Wilon has set the stage to attract significant working capital through
secondary offerings, private placements, joint ventures, or other programs.
Wilon is an energy company engaged in the development of natural gas wells
in Kentucky and West Virginia. Wilon currently has approximately 15,000
acres under lease, and plans are to expand the number in the near future.
It has significant proven reserves, and to date, has drilled and completed
over 65 wells.
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Tags: ,Energy and Utilities:OilandGas, ,INTHPINK,INTHPINK,TN,CHATTANOOGA, TN
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