Patriot Energy Corporation Announces Cancellation of 1.5 Million Shares

Patriot Energy Corporation announce that 1.5 million common shares of the company have been cancelled.

Patriot Energy Corporation terminates the agreement with Expedite Ventures that was signed on June 8, 2008. Expedite Ventures only began working on the signed agreement with Patriot Energy Corporation on July 14, 2008. Expedite Ventures was made aware of the cancellation when contacted in writing on July 16, 2008 and asked to return the unearned shares to Patriot Energy Corporation’s head office. Since Expedite Ventures chose not to return the stock, the certificate was cancelled.

Patriot Energy Corporation approves of this cancellation and is happy to report the reduction in the outstanding number of common shares. http://teltecksolutions.com/home.htm