First Canadian American Holding Corporation Declares Dividend Monday December 12, 9:00 am ET
TORONTO--(MARKET WIRE)--Dec 12, 2005 -- First Canadian American Holding Corporation (Other OTC:FCDH.PK - News) is pleased to announce that the Board of Directors has declared a stock dividend, payable to shareholders of record of December 21, 2005. The dividend will consist of one (1) free common share of Suncrest Energy Inc. (Other OTC:SNYY.PK - News) for every six (6) shares of FCDH held on December 21, 2005. ADVERTISEMENT
Based on the current price of Suncrest the dividend amounts to a Fifteen Cents ($0.15) value for each and every share of First Canadian held as of the record date. -------------------------------------------------------------------------------- Posts: 197 | Registered: Dec 2004 | IP: Logged |
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FCDH - up on high volume (more news to come this week)
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SUNCREST ENERGY Announces Initial Results of Marketing Drilling Program Monday December 12, 9:00 am ET
TORONTO--(MARKET WIRE)--Dec 12, 2005 -- SUNCREST ENERGY (Other OTC:SNYY.PK - News), which specializes in oil and gas exploration and drilling, announced today the initial marketing of their Drilling Program has generated fifteen (15) new drilling contracts within the past week. The Drilling Programs will commence during the first quarter of 2006. The Drilling Division of Suncrest anticipates obtaining additional commitments over the next several weeks sufficient to exceed eighty percent (80%) of their currently available drilling rigs. "These contracts are the first steps toward establishing Suncrest Drilling as a viable entity within the oil and gas development arena," said David Alexander, Chairman. "We are very pleased at the receptivity of several independent oil companies to our program. We appreciate having the opportunity to work with these companies and to bring additional reserves on-line."
"With First Canadian (Other OTC:FCDH.PK - News) as a significant shareholder, now these extensions of our business should benefit them over the long term," said David Alexander, Chairman.
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