ARET.OB> Changed Ticker Symbol To > ARET.PK

[saffeysite1]

Added more @.009.  Strong close. 

[gmarc66]

Fridays after market news....lead to a 20%+ increase in price this morning.


2005-08-26 
16:36:27   


B: CORRECTING and REPLACING Arete Industries, Inc. Announces The Spin-off of Colorado Oil & Gas Inc. Shares to Its Shareholders





NIWOT, Colo., Aug 26, 2005 (BUSINESS WIRE) -- second graph, eighth sentence
sould be deleted, and the sixth sentence should read: An information statement
is expected to be mailed to the shareholders of record along with certificates
around the 24th day of September 2005 (sted An information statement is expected
to be mailed to the shareholders of record around the 24th day of September
2005.).

The corrected release reads:

ARETE INDUSTRIES, INC. ANNOUNCES THE SPIN-OFF OF COLORADO OIL & GAS INC. SHARES
TO ITS SHAREHOLDERS

Arete Industries, Inc. (OTCBB:ARET) (Arete) announced today the finalization of
the plans for the spin-off shares of Colorado Oil & Gas, Inc. subsidiary (COG)
to its shareholders.

Arete Industries, Inc. will spin-off its shares of COG to its shareholders of
record as of September 9, 2005. The record date was changed to comply with
securities regulations from Sept 2, 2005, to Sept 9, 2005. The spin-off will be
a dividend of 1 share of COG for every 250 shares Arete owned on the record
date. In addition the there will be no fractional shares or odd lots of COG
issued as a part of this dividend. This means that the minimum number of shares
of COG issued to any shareholder of Arete will be 100 (i.e., 25,000 shares of
Arete equal 100 shares of COG). An information statement is expected to be
mailed to the shareholders of record along with certificates around the 24th day
of September 2005. If shareholders of record want a stock certificate mailed to
them, they should contact COG and make arrangements for the certificate to be
mailed. The stock will be 144 unregistered stock, and when COG completes its
registration process with the SEC, the company's transfer agent will send out
the registered stock certificates. The registration process is expected to take
six months or more, and COG plans to start this process in the forth quarter of
2005. Charles Gamber, CEO of Arete, stated: "This dividend completes the first
part of our plan to reorganize Arete. We will continue to update the
shareholders on this process in early September."

About the Company

Arete Industries, Inc., a development stage company, is a publicly traded
holding company with several subsidiaries. Its subsidiary, Colorado Oil and Gas,
Inc. ("COG") has been acquiring small producing oil and gas properties and
mineral interests, and as part of its strategy to developing in the oil and gas
business. The Company has one other subsidiary, Aggression Sports, Inc. dba
Arete Outdoors, an outdoor sports equipment manufacturing company that has been
inactive since 2001. The Company continues to seek other business acquisitions.

Statement as to Forward Looking Statements

Certain statements contained herein, which are not historical, are
forward-looking statements that are subject to risks and uncertainties not known
or disclosed herein that could cause actual results to differ materially from
those expressed herein. These statements may include projections and other
"forward-looking statements" within the meaning of the federal securities laws.
Any such projections or statements reflect Arete's or COG's current views about
future events and financial performance. No assurances can be given that such
events or performance will occur as projected and actual results may differ
materially from those projected. Important factors that could cause the actual
results to differ materially from those projected include, without limitation,
COG's inability to meet the conditions to acquiring its current project
including providing financing to pay the purchase price; unexpected difficulties
encountered in the investment market; the volatility in commodity prices for oil
and gas, the presence or recoverability of estimated reserves, the ability to
replace reserves, environmental risks, drilling and operating risks, exploration
and development risks, competition, government regulation or other action, the
ability of management to execute its plans to meet its goals and other risks
inherent in their businesses that are detailed in their Securities and Exchange
Commission ("SEC") filings.

SOURCE: Arete Industries, Inc.


CONTACT: Arete Industries, Inc.
Karen Hemmerle, 303-652-3113
[email protected]
Fax: 303-652-1488
or
Colorado Oil and Gas, Inc.
Bill Stewart, 303-427-8688
[email protected]


Copyright Business Wire 2005

-0-


KEYWORD: United States
North America
Colorado
INDUSTRY KEYWORD: Energy
Oil/Gas
Other Energy

[gmarc66]

ARET is on fire this morning..not sure why...had hit bottom a few days ago...possible reversal?


Anyone have any ideas?


Thanks

Julia

[JMoney]

I think we're on to something here with ARET.OB Keep watch. 

Chart:

[Ouch!!!]

On the loose!!!

Hop in guys.

0.0046 now.

[doyerdiligence]

building since it's bottom back in nov last year. broke the 200dma recetly. I think the new trend will bring us back up to .01 soon. called the TA today and there is 269million outstanding, last year in may was only 220mill so there has been minimal dilution since then. Anyone else notice the chart?

[Liquid Stick]

http://tinyurl.com/cc6zf

[Stocky2000]

No one here noticed this one....as oil gets hot again because of iran....today tgc, amep up big....no one here cares about oil stocks...there should be one in the 3sof portfolio...

[setravis]

On the move again, Outstanding volume.
Volume: 29,895,953
Avg Vol (3m): 7,375,310
MACD bullish crossover at center.

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
64.26%above 13-day EMA
79.74%above 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $4.44 

[fous]

Bought today at .0185. I think this will pop soon giving up an easy bag

-fous

[setravis]

Volume: 11,061,296
Avg Vol (3m): 9,268,550

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
3.12%above 13-day EMA
13.65%above 50-day EMA

[setravis]

Changed Ticker Symbol
--------------------------------------------------------------------------------

"ARET.OB" is no longer valid. It has changed to "ARET.PK."

[setravis]

"ARET.PK" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                       
All history on a stock pick in 1 thread is awesome.                                    
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                  
Thank You....and good luck with all your trades....make some $$$   


Will leave you today's chart