Independence Energy Corp. has approved a five-for-one forward split of its common shares outstanding in the form of a stock dividend. As a result of the proposed forward stock split, shareholders will receive four (4) additional common shares for every one (1) share held on a yet to be named record date.

"We are very pleased to propose this forward stock split, because we believe it can have a positive impact on the relative liquidity of our shares, making the Company more attractive to a wider range of long-term small-cap company investors," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "The Company has several active projects underway and more opportunities are currently being considered for participation. This positive share restructuring strategy should help to enable future growth and help achieve maximum value for all our stakeholders."

Tags: Independence Energy Corp.