MegaWest Energy Corp. (MGWSG) Reports Organizational Update on Company
MegaWest Energy Corp. announced the adoption of various organizational and financial changes impacting shareholders. MegaWest Energy reported that the company has changed its name to Gravis Oil Corporation and has also affected a 1 for 10 reverse split of the company’s common shares. These changes were approved by shareholders in late April 2011, and will take effect on June 20, 2011. MegaWest Energy also said that the trading symbol for the company will change to GRAVF starting on July 19, 2011. The shares will continue to trade on the over the counter bulletin board. MegaWest Energy is an exploration and…