Georox announces graduation from Tier 2 to Tier 1 of the TSX Venture Exchange
September 06 2012 - 4:00PM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ KELOWNA, BC, Sept. 6, 2012
/CNW/ - Georox Resources Inc. ("Georox" or the "Corporation") is
pleased to announce that the Corporation has met the requirements
of Tier 1 on the TSX Venture Exchange effective September 7, 2012.
Tier 1 is reserved for the most advanced issuers with the most
significant financial resources on the TSX Venture Exchange. "We
are pleased to have graduated from Tier 2 to Tier 1 and see this as
a natural progression to a fully operational company. Our immediate
goal is to pursue our existing opportunities to
increase meaningful cash flow by exploring, developing and
producing oil from recently acquired properties" said Burkhard
Franz, President and CEO of Georox. Georox is a Canadian natural
resource company engaged in the acquisition, exploration and
development of oil and gas properties in Western Canada. The Common
Shares trade on the TSX Venture Exchange under the symbol GXR and
on the Frankfurt Stock Exchange under the Symbol:OF6A. Cautionary
Statement: Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein. FORWARD-LOOKING STATEMENTS This news
release contains forward-looking statements relating to the future
operations of the Corporation and other statements that are not
historical facts. Forward-looking statements are often identified
by terms such as "will", "may", "should", "anticipate", "expects"
and similar expressions. All statements other than statements of
historical fact, included in this release, including, without
limitation, statements regarding future plans and objectives of the
Corporation, are forward looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Corporation's expectations are exploration
risks detailed from time to time in the filings made by the
Corporation with securities regulators. The reader is cautioned
that assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of Georox. As a
result, we cannot guarantee that any forward-looking statement will
materialize and the reader is cautioned not to place undue reliance
on any forward-looking information. Such information, although
considered reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ materially from
those anticipated. Forward-looking statements contained in this
news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release are
made as of the date of this news release, and Georox does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by Canadian securities law. Georox Resources Inc. CONTACT:
Burkhard Franz, President and Chief Executive OfficerTel: (250)
712-2213Fax: (250) 712-2215Website: www.georoxresources.com
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