UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (date of earliest event reported): June 22, 2009 |
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LEXARIA CORP.
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Nevada (State or other jurisdiction of incorporation) |
333-132134 (Commission File Number) |
20-2000871 (IRS Employer Identification No.) |
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Registrant's telephone number, including area code: (604) 602-1675 |
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(Former name or former address, if changed since last report.) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))
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Item 5.03 |
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year |
Effective June 23, 2009, we will effect a four (4) for one (1) share consolidation of our authorized and issued and outstanding common stock. As a result, our authorized capital will decrease from 75,000,000 shares of common stock with a par value of $0.001 to 18,750,000 shares of common stock with a par value of $0.001 and our issued and outstanding shares decreased from 24,369,500 shares of common stock to 6,092,375 shares of common stock.
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Item 7.01 |
Regulation FD Disclosure |
The consolidation will become effective with the Over-the-Counter Bulletin Board at the opening for trading on June 23, 2009 under the new stock symbol “ LXRP ”. Our new CUSIP number is 52886N 208 .
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Item 9.01 |
Financial Statements and Exhibits |
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3.01 |
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99.1 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 22, 2009
LEXARIA CORP.
Chris Bunka
President & CEO
{WLMLAW W0026120.DOC}
Press Release #200902 June 22, 2009
Lexaria Corp. Announces Symbol Change and Stock Restructure.
Vancouver, BC—Lexaria Corp. (OTC BB: LXRA) (the "Company" or "Lexaria")
Lexaria Corp announces that effective the open of business June 23, 2009, Lexaria Corp will have a new OTCBB trading symbol of LXRP.
Also effective the opening of business June 23, 2009, Lexaria has effected a stock reverse split of 1 new share for 4 old shares. This will serve to reduce the number of shares issued and outstanding from the current quantity of 24,369,500 shares to a new issued and outstanding quantity of 6,092,375 shares.
The extraordinarily difficult market environment for financing ongoing operations , exploration and corporate expansion has convinced management that the share restructuring was necessary. The Company continues to build value through oil and gas operations and to that end is currently examining potential development drilling opportunities in its proven oil field, Belmont Lake.
About Lexaria Corp.
Lexaria Corp. is an oil & gas company active primarily in Mississippi, where it holds between 32% and 60% gross working interests in various gas and oil projects. Lexaria routinely evaluates additional oil & gas projects and corporate opportunities.
Contact:
Chris Bunka, 1-800-287-2885
www.lexariaenergy.com
Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, weather, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. There can be no assurance that expected oil and gas production will actually materialize; and thus no assurance that expected revenue will actually occur. There is no assurance the Company will have sufficient funds to drill additional wells, or to complete acquisitions or other business transactions. Such forward looking statements also include estimated cash flows, revenue and current and/or future rates of production of oil and natural gas, which can and will fluctuate for a variety of reasons; oil and gas reserve quantities produced by third parties; and intentions to participate in future exploration drilling. Adverse weather conditions can delay operations, impact production, and cause reductions in revenue. The Company may not have sufficient expertise to thoroughly exploit its oil and gas properties. The Company may not have sufficient funding to thoroughly explore, drill or develop its properties. Access to capital, or lack thereof, is a major risk. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.