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Lexaria to Trade on Canadian National Stock Exchange
October 27, 2009
VANCOUVER, BC Lexaria Corp. (LXRP-OTCBB)
(the "Company" or "Lexaria") is pleased to announce that
effective at the open of market tomorrow, October 28, 2009, the Company's
shares will begin trading on Canadian Stock Exchange ("CNSX")
with the trading symbol LXX. The shares will be quoted on the CNSX
in Canadian currency. Lexaria shares will also continue to trade on
the OTCBB in US currency.
Lexaria has filed a non-offering prospectus
dated October 19, 2009 (the "Prospectus") with the British
Columbia Securities Commission as part of the listing process for
the CNSX. The Company is pleased to announce that the Prospectus
was receipted by the British Columbia Securities Commission on October
20, 2009.
The Company believes this national stock exchange
listing will provide better opportunities for Canadian investors to
invest in Lexaria. This now gives Canadian investors the ability to
use their Registered Retirement Savings Accounts to purchase Lexaria
stock. Any investor requiring that Lexaria shares be listed on a bona
fide national stock exchange may now be able to invest in the Company.
About Lexaria Corp.
Lexaria Corp. is an oil & gas company active
primarily in Mississippi, where it holds between 32% and 60% gross
working interests in various gas and oil projects. Lexaria routinely
evaluates additional oil & gas projects and corporate opportunities.
Contact:
Chris Bunka, 1-800-287-2885
www.lexariaenergy.com
Forward-looking Statements
Statements which are not
historical facts are forward-looking statements. The Company makes
forward-looking public statements concerning its expected future operations,
performance and other developments. Such forward-looking statements
are estimates reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and there
can be no assurance that other factors will not affect the accuracy
of such forward-looking statements. It is impossible to identify all
such factors but they include and are not limited to the existence
of underground deposits of commercial quantities of oil and gas; cessation
or delays in exploration because of mechanical, weather, operating,
financial or other problems; capital expenditures that are higher
than anticipated; or exploration opportunities being fewer than currently
anticipated. There can be no assurance that expected oil and gas
production will actually materialize; and thus no assurance that
expected revenue will actually occur. There is no assurance the Company
will have sufficient funds to drill additional wells, or to complete
acquisitions or other business transactions. Such forward-looking
statements also include estimated cash flows, revenue and current
and/or future rates of production of oil and natural gas, which can
and will fluctuate for a variety of reasons; oil and gas reserve
quantities produced by third parties; and intentions to participate
in future exploration drilling. Adverse weather conditions can delay
operations, impact production, and cause reductions in revenue. The
Company may not have sufficient expertise to thoroughly exploit its
oil and gas properties. The Company may not have sufficient funding to thoroughly explore, drill or develop its properties. Access to
capital, or lack thereof, is a major risk. Factors which could cause
actual results to differ materially from those estimated by the Company
include, but are not limited to, government regulation, managing
and maintaining growth, the effect of adverse publicity, litigation,
competition and other factors which may be identified from time to
time in the Company's public announcements and filings.
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