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Microcap & Penny Stocks : Benz Energy (BZG.V) -- Ignore unavailable to you. Want to Upgrade?

To: SnakeInATuxedo who wrote (229)	10/7/1999 1:15:00 AM
From: RSkarsten	Respond to of 272

Benz now eligible to trade in U.S. Benz Energy Inc BZG Shares issued 35,069,224 Oct 5 close $0.27 Tue 5 Oct 99 News Release Mr. Robert Herlin reports The U.S. Securities and Exchange Commission has declared effective the company's recently filed registration statement on form SB-2. This action registers for resale under the Securities Act of 1933 all issued and outstanding shares of common stock, the company's 8 per cent convertible preferred stock Series II, the common stock issuable on conversion of the preferred stock and common stock issuable upon the exercise of outstanding warrants. The SEC also has declared effective the company's recently filed registration statement on form 8-A, thereby registering its common stock and the preferred stock under Section 12(g) of the Securities Exchange Act of 1934. Effective Sept. 30, 1999, the company is subject to the reporting requirements of the Securities Exchange Act of 1934 and will begin filing regular quarterly and annual reports with the SEC. The company's common stock is now eligible for trading in the United States and the company anticipates seeking a listing on the OTC Bulletin Board. Robert S. Herlin, the chief financial officer of Benz, stated: "Our registration with the SEC is one of the final steps in the overall restructuring of Benz Energy. With this action, the company is positioned to focus on developing its core properties."