|
 |
 |
|
|
| | | June 30, 2009
Georox Resources Inc. Purchased Oil & Gas Interests
|
| | Kelowna, British Columbia, Canada, June 30, 2009: Georox Resources Inc. ("Georox" or "the Company ) (GXR:TSX-V; OF6A:FRA) is pleased to announced that it has completed the acquisition of oil and gas interests from a company based in Alberta.
The purchase price paid is Five Hundred and Fifty Thousand Dollars ($550,000) plus GST in Canadian Funds with an effective date of May 1, 2009 and the closing date of June 26, 2009. The acquisition includes a forty five percent working interest in five producing oil wells as well as a 12.5% gross overriding royalty in a sixth well. All of the wells have a lengthy production history and are currently producing. The acquisition is considered an Exempt Acquisition in accordance with TSX Venture Exchange Policy 5.3.
About Georox
Georox Resources Inc. is a natural resource based company. The Company is committed to the creation of shareholder value through the exploration and development of natural resources in an environmentally, economically and socially responsible manner.
The Company trades its common shares on the TSX Venture Exchange under the symbol GXR, and on the Frankfurt Stock Exchange under the symbol OF6A.
For further information you can visit the Company's website at: www.georoxresources.com or view the Company's records on SEDAR at: www.sedar.com
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.
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. This news release includes certain "forward looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, 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 Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
For further information:
Burkhard Franz, President/CEO
Georox Resources Inc.
Suite 205, 478 Bernard Avenue
Kelowna, British Columbia
Canada V1L 4J2
Tel: (250) 712-2213
Fax: (250) 712-2215 |
| |
| | You can view the Next News Releases item: Mon Aug 17, 2009, Georox Resources Inc. Grants Options
You can view the Previous News Releases item: Thu Apr 2, 2009, Georox Resources Inc. Announces Lapse Of Mining Concessions In Ecuador
You can return to the main News Releases page, or press the Back button on your browser.
|
|
|
