Teton Petroleum to Respond to Notice of Interim Cease Trade Order in Alberta and Ontario
March 03 2005 - 8:07AM
PR Newswire (US)
Teton Petroleum to Respond to Notice of Interim Cease Trade Order
in Alberta and Ontario DENVER, March 3 /PRNewswire-FirstCall/ --
Teton Petroleum Company (AMEX:TPE) received notice of interim cease
trade orders from the Alberta and Ontario Securities Commissions.
The action only affects Canadian shareholders wishing to trade
Teton Common stock. Canadian shareholders represent approximately
2% of the Company's worldwide shareholder base. The action does not
affect U.S. or other shareholders. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030611/TETONLOGO) Teton
Petroleum Company, not a Canadian company, voluntarily delisted
from the CDNX several years ago and is not currently listed on any
Canadian exchange in order to focus on its American Stock Exchange
listing. It has been attempting to deregister from its reporting
requirements in Alberta and Ontario since June 2004. Teton believes
that the action taken is without merit, is inapplicable to the
Company, and will vigorously contest the ruling at a hearing in
Ontario on March 4, 2005 and in Alberta on March 11, 2005. This
news release may contain certain forward-looking statements,
including declarations regarding Teton and its subsidiaries'
expectations, intentions, strategies and beliefs regarding the
future. All statements contained herein are based upon information
available to Teton's management as at the date hereof and actual
results may vary based upon future events, both within and without
the control of the Teton's management.
http://www.newscom.com/cgi-bin/prnh/20030611/TETONLOGO
http://photoarchive.ap.org/ DATASOURCE: Teton Petroleum Company
CONTACT: Gillian D. Kane, Vice President, Investor Relations of
Teton Petroleum Company, +1-970-846-1953,
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