The forward stock split and name change will be effective January 10, 2008. Stockholders will be entitled to 2.1 shares of common stock for each share of common stock held on that date.
Bill Wiseman, president and CEO of Bonanza Oil & Gas, said: We believe it is the right time to take this additional step in improving our equity structure as well as providing a new name that truly represents our business. We believe we have executed this forward stock split from a position of strength, which may have positive implications, including increased investor interest, expansion of our investor base and increased awareness of our company.
