/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
KELOWNA, BC, Oct. 31, 2016
/CNW/ - Georox Resources Inc. ("Georox" or the
"Corporation") (GXR:TSX-V; OF6A:FRA) has joined the 8020
Connect Inc. network and invites all its shareholders to become
members with it. 8020 Connect is the investment industry's newest
social network, developed to deliver corporate information to
shareholders, investment industry experts and like-minded
investors, while enabling these member groups to interact with one
another and with the Corporation's management team.
The Corporation's commitment to shareholders is to always
deliver accurate, timely and transparent information about its
goals and achievements. Through this platform, it can communicate
its corporate message and update its project advancements and
financial information to all shareholders and investors. The 8020
Connect social media component provides the Corporation direct
interaction with its shareholders, allowing the Corporation to
answer your questions and inquiries directly or in group
forums.
The 8020 Connect network will also allow the Corporation to
expand its audience exponentially to interested investors and
industry experts worldwide. You can help by informing and educating
other like-minded investors about the company.
Recently 8020 Connect announced an agreement with the TSX Inc
(TSX) and the TSX Venture Exchange Inc. (TSX.V) regarding a new TSX
initiative called "TSX investinit".
TSX instinit is a new mobile app and website that tracks and
aggregates publicly available TSX and TSX-V listed company
financing transactions. The app was created to increase public
awareness of current financings available on the Exchanges, by
providing an additional, cost free presentation of this information
beyond public company filings. Investors can navigate TSX
investinit by accessing menu options including Private Placements,
Public Offerings, Flow-Through Financings, and Debt Financings.
About Georox
The Corporation currently produces approximately 140 boepd of
which 75% is light oil, 24% is heavy oil and 1% is gas.
Production volumes are commonly expressed on a barrel of oil
equivalent ("BOE") basis whereby natural gas volumes are converted
at a ratio of six thousand cubic feet to one barrel of oil.
The intention is to convert oil and natural gas measurement units
into one basis for improved analysis of results and comparisons
with other industry participants. The term BOE may be
misleading, particularly if used in isolation. The conversion
ratio is based on an energy equivalent method and does not
represent an economic value equivalency at the wellhead.
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. More particularly, it contains
forward-looking statements concerning the use of proceeds from the
Private Placement.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Units in the United States. The Units (or constituent
securities) have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Georox Resources Inc.