PATERSON, N.J., June 16, 2010 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN), a Kentucky-based operator of energy and mineral related properties, today announced that it has filed articles of amendment (to be effective on June 16, 2010) with the Utah Secretary of State to change its corporate name from "Quest Minerals & Mining Corp." to "Kentucky Energy, Inc."
Quest's board of directors has approved a 1-for-20 reverse stock split of its currently outstanding shares of common stock. The pre-split total shares of common stock outstanding was 1,956,466,735 and post-split total shares of common stock outstanding will be 97,823,337 (subject to adjustment for settlement of fractional shares, which will be rounded up to the nearest whole share).
On June 16, 2010, we received notice from FINRA/OTC Corporate Actions that the name change and reverse stock split take effect at the open of business on June 17, 2010. As of June 1, 2010, name change requests may or may not result in symbol changes. Our new symbol on this date will be "QMIND.PK." The "D" on our symbol will be removed 20 business days from July 16, 2010 (20 business days from June 17, 2010).
About Quest Minerals & Mining Corp./Kentucky Energy
Quest Minerals & Mining Corp. (or Kentucky Energy, Inc. on the effective date) acquires and operates energy and mineral related properties in the southeastern part of the United States. Our efforts are focused on properties that produce quality compliance blend coal. For more information, please visit our website at http://www.questmining.net/">www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.