The Company plans to conduct a 25 for 1 reverse stock split, which was approved by shareholders on April 27, 2017, prior to the closing of the merger.Forward-Looking Statements CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS Apart from statements of historical fact, the text of this press release constitutes forward-looking statements within the meaning of the U.S. securities laws, and is subject to the safe harbors created therein. These statements include, but are not limited to, statements regarding the future business operations of EnerJex Resources, Inc. (the "Company"), the prospect for development of AgEagle Aerial Systems' drone devices, the possibility of a merger transaction between the companies, and possible benefits from such a merger for the companies and their respective stakeholders. These forward-looking statements speak only as of the date of this news release. The Company does not undertake to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof. Such statements reflect management's current views and are based on certain assumptions that may or may not ultimately prove valid. The Company's actual results may vary materially from those contemplated in such forward-looking statements due to risks and uncertainties to which the Company is subject, including uncertainties about the parties' ability to complete the merger; uncertainties concerning the sufficiency of the Company's remaining funds to continue operations; uncertainties regarding the negotiation with the Company's lenders; uncertainties as to whether AgEagle will become profitable; and other factors that are described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2016, the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2017, the Company's Form 8-K filed on October 20, 2017and the Company's Proxy Statement/Prospectus dated February 14 , 2018.
Investor Contact:EnerJex Resources, Inc.Louis Schott210-559-1670