Georox Announces Rise From Animal 2 To Animal 1 On The TSX Venture Exchange
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Kelowna, British Columbia, Canada, 6. September 2012: Georox Resources Inc. ("Georox" or the "Company") (GXR: TSX-V; OF6A: FRA) is pleased to announce that it has approved the terms and conditions of the Tier 1 listing on the TSX Venture Exchange 7. September 2012 has met. Tier 1 is reserved for the most advanced issuers on the TSX Venture Exchange who have the most significant financial resources available.
"We are delighted with the rise from Tier 2 to Tier 1 and see this as a natural progression towards becoming a fully operational company. It is our immediate goal to pursue our current opportunities to increase cash flow through the exploration, development and production of oil in our recently acquired properties, "said Burkhard Franz, President and CEO of Georox.
Georox is a Canadian resource company focused on the acquisition, exploration and development of oil and natural gas properties in western Canada. The Company's shares are listed on the TSX Venture Exchange under the symbol GXR and on the Frankfurt Stock Exchange under the symbol OF6A.
For more information, please contact:
Burkhard Franz, President & Chief Executive Officer
Tel: + 1-250-712-2213
Fax: +1-250-712-2215
Website: www.georoxresources.com
Precautionary note:
Neither the TSX Venture Exchange nor its regulators (as defined in the Articles of Incorporation of the TSX Venture Exchange) accept any responsibility for the adequacy or accuracy of this announcement.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this press release.
Forward-looking statements
This press release contains forward-looking statements about the company's future operations and other statements that are not based on historical facts. Forward-looking statements are often described using terms such as "will", "could", "should", "assume", "expect" and similar expressions. All statements in this press release that are not historical facts, including but not limited to statements about the company's future plans and objectives, are forward-looking statements and, as such, involve risks and uncertainties. There is no guarantee that such statements will prove to be truthful. Actual results and future events could differ materially from such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are exploration risks, which are periodically described in reports that are submitted to securities regulators.
Readers are cautioned that the assumptions used in making such information may prove to be incorrect. Certain events or circumstances could cause actual results to differ materially from the projections due to many known and unknown risks, uncertainties and other factors. Many of them are beyond Georox control. Consequently, we can not guarantee that forward-looking statements will be realized. Readers are therefore cautioned not to rely on forward-looking information. Such information, while considered appropriate by Company performance at the time of its preparation, may prove to be false. Actual results could differ materially from the expected results. Forward-looking statements in this release are expressly limited by this cautionary statement. The forward-looking statements in this news release are as of the date of this news release and Georox undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise; unless specifically required by applicable Canadian securities laws.
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