/C O R R E C T I O N -- BioPower Operations Corporation/
FORT LAUDERDALE, Fla., Aug. 30, 2013
In the news release, BioPower Operations Corporation Announces One-for-Five
Reverse Stock Split, issued 30-Aug-2013 by BioPower Operations Corporation
over PR Newswire, we are advised by the company that the second paragraph,
second sentence, should read "shares of the Company's outstanding common stock
from 90,280,000 shares to 18,056,000 shares" rather than "shares of the
Company's outstanding common stock from approximately 151,405,897 shares to
approximately 30,281,179 shares" as originally issued inadvertently. The
complete, corrected release follows:
BioPower Operations Corporation Announces One-for-Five Reverse Stock Split
FORT LAUDERDALE, Fla., Aug. 30, 2013 /PRNewswire/ --BioPower Operations
Corporation (BOPO), announced today that its Board of Directors has approved a
one-for-five reverse stock split FINRA effective as of August 30, 2013.
As a result of the reverse stock split, every five shares of pre-split common
stock will automatically be reclassified as and converted into one share of
post-split common stock. The reverse stock split will reduce the number of
shares of the Company's outstanding common stock from 90,280,000 shares to
18,056,000 shares and the number of authorized common stock shares from
500,000,000 to 100,000,000. Any fractional shares resulting from the reverse
stock split will be rounded up to the nearest whole share.
The Company's common stock will continue to trade on The OTC:QB Capital Market
under the symbol "BOPO," with the fifth character "D" added to the end of the
trading symbol, beginning approximately on Tuesday, September 3, 2013, for a
period of 20 trading days to indicate that the reverse split has occurred. The
Company's common stock will revert to trading under its original symbol "BOPO"
after the 20 trading day period.
The Company's stock transfer agent, Continental Stock Transfer ("CST") will
act as exchange agent for the reverse stock split. CST will manage the
exchange of old, pre-split shares for new post-split shares. Stockholders of
record as of the effective time of the reverse stock split will receive a
letter of transmittal providing instructions for the exchange of their shares.
Stockholders who hold their shares in book entry form will be contacted by CST
or their banks or brokers with any instructions. If you have any questions,
please contact the Reorganization Department of Continental Stock Transfer &
Trust Company at (917) 262-2378 on or after September 4, 2013.
ABOUT BIOPOWER OPERATIONS CORPORATION
BioPower Operations Corporation (OTC: BOPO) is a developmental stage company
focused on developing profitable sustainable solutions focused on the
environmentally-friendly bio-conversion of biomass and organic wastes into
useful and valuable products. The Company's subsidiary, Global Energy Crops
Corporation (GECC), is focused on sub-licensing patented waste conversion
technology capable of converting organic wastes from humans, poultry and hogs
into Class A fertilizer, ethanol, animal feed and other products, to
municipalities, poultry and hog producing corporations. BioPower and Agribopo,
two wholly-owned subsidiaries are focused on the production, distribution and
conversion of biomass crops. Their immediate focus is on the establishment of
castor oil growing & milling operations in the Americas. The company was
founded in 2010 and is headquartered in Fort Lauderdale, Florida.
This release contains forward-looking statements, including, without
limitation, statements concerning our business and possible or assumed future
results of operations. Our actual results could differ materially from those
anticipated in the forward-looking statements for many reasons including: our
ability to continue as a going concern, adverse economic changes affecting
markets we serve; competition in our markets and industry segments; our timing
and the profitability of entering new markets; greater than expected costs,
customer acceptance of our products or difficulties related to our integration
of the businesses we may acquire; and other risks and uncertainties as may be
detailed from time to time in our public announcements and SEC filings.
Although we believe the expectations reflected in the forward-looking
statements are reasonable, they relate only to events as of the date on which
the statements are made, and our future results, levels of activity,
performance or achievements may not meet these expectations. We do not intend
to update any of the forward-looking statements after the date of this
document to conform these statements to actual results or to changes in our
expectations, except as required by law. There is no assurance that a
definitive agreement will be completed.
SOURCE BioPower Operations Corporation
Contact: BioPower Operations Corporation, Robert Kohn, CEO,
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