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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.


Tags: ,Energy and Utilities:OilandGas, ,INTHPINK,INTHPINK,TN,CHATTANOOGA, TN
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