BRIGHTON — CGE Energy (MKBY:OTCPink) announced that the Financial Industry Regulatory Authority approved the name change of the company from McKenzie Bay International Ltd. to CGE Energy Inc. and to change its stock ticker symbol to CGEI.
The company also announced a 1-for-25 reverse split of its common stock.
The actions have an effective date of Monday, Sept. 14. The new symbol will not be effective for 20 business days. As of September 14, the company’s stock symbol will temporarily be “MKBYD”. After 20 business days, the new “CGEI” symbol will take effect.
“Over the past several weeks, FINRA has completed a comprehensive review of McKenzie Bay and CGE Energy as well as its officers, resulting in approval for our requested reverse split and name change,” said Bryan Zaplitny, president and CEO of CGE Energy. “With this milestone behind us, one hundred percent of our efforts can be focused on expanding our no capital cost energy solutions programs and maximizing shareholder value.”
Headquartered in Brighton, CGE Energy offers customers Cree LED lighting, the patented WIND•e20 wind turbine and SolarWorld solar generation.
More at www.cgeenergy.com.