/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
KELOWNA, BC, Nov. 7, 2016 /CNW/ - Georox Resources Inc.
("Georox" or the "Corporation") (GXR:TSX-V; OF6A:FRA)
wishes to announce that Mr. Wayne
Fast, P. Eng., V.P. Operations and Corporate Development has
resigned. The Corporation thanks Mr. Fast for his dedication and
commitment to the Corporation and wishes him well.
The Corporation has appointed Mr Robert
Richardson, P. Eng., MEB. as Manager of Operations. Mr.
Richardson is a professional engineer with twenty years of
experience and brings exceptional skills to the Corporation in
reservoir and exploitation engineering, geology, geophysics and
production as well as management and leadership skills. Mr.
Richardson has worked in positions of increasing responsibilities
including Vice President of Exploitation for several companies
including Petrobank Energy, Canadian Natural Resources, Mission Oil
and Gas, Star Point Energy and Palliser Oil. Mr. Richardson has a
B.Sc. in Petroleum Engineering, a Masters of Energy Business and is
a member of both APEGA and Beta Gamma Sigma.
The Corporation has appointed Mr. Mansoor Anjum as VP of Finance and Business
Development Mr. Anjum is currently a director of the Corporation
and has been a business executive with 25 years experience in
business development and financial management in the oil and gas
industry. Mr. Anjum has worked in both the upstream and downstream
sectors of the industry and has significant experience in valuing
new acquisitions and identifying growth opportunities for
companies. Mr Anjum is currently President and the owner of
Gressenhall Enterprise Ltd., a private company involved in retail
business. He was formerly President of Nebula Energy Ltd., a
private oil and gas consulting company, and was President and CEO
of Java Capital Inc., a TSX-V-listed company, and CEO of Meteor
Marketing Inc., USA, a petroleum
products distributor. Mr. Anjum holds an MBA degree from the
University of Toronto.
About Georox:
The Corporation currently produces approximately 140 boepd of
which 75% is light oil, 24% is heavy oil and 1% is gas.
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.