March 15, 2010 (FinancialWire) — Park Place Energy Corp. (OTCBB: PKPL) board of directors has approved a consolidation of the company’s common stock to be effected in the form of a reverse split, which is to be effective as of March 24.

As a result of the reverse stock split, the shareholders at the effective time of the reverse split will receive one new share of the company’s common stock in exchange for every three hundred shares held.

The reverse split has been filed and accepted by the Nevada secretary of State and has been filed with FINRA, according to Park Place.

Canada-based Park Place Energy is a North American oil and gas exploration company that is participating in shale gas opportunities. The company has assets in North Western Alberta and Saskatchewan. As well, Park Place is committed to the acquisition of additional blue-sky shale gas opportunities.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.