Middle East Oil Corp. (PINKSHEETS: MIDH), an oil and gas development and exploration company, recently received approval by FINRA for the corporate name change to Middle East Oil Corp. and a 1000 to 1 reverse stock split of the common shares of the company. The effective date of the reverse stock split of the common shares of the company was January 8, 2010.
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Middle East Oil Chairman and CEO Ricardo Ruelos commented: "I am very pleased receive the approval by FINRA. This provides a new foundation and clear path for our future business plans with Middle East Oil Corporation." The shareholders of the common shares of the previous company Madison Bay Holdings are requested to submit their old shares to the transfer agent for the company for reissuance, which will reflect the reverse stock split and name change at Holiday Stock Transfers,
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