November 11, 2009 (FinancialWire) — Lux Energy Corp. (OTCBB: LUXE) said it plans to make application to appropriate regulatory agencies to effect a forward split of the company’s stock on a three-for-one basis.

Once Lux receives legal and regulatory approvals, the issued and outstanding shares of Lux Energy will increase from 25.25 million to 75.75 million.

In a statement, the company said that the increased share capacity gives it the needed flexibility and structure to attract favorable equity financing opportunities.

Lux Energy said it has to date attracted private funds for its oil and gas endeavors in Oklahoma and West Central Alberta.

Calgary, Canada-based Lux Energy is an oil and gas production and exploration company focusing on developing oil and gas resources in North America.

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