CALGARY, ALBERTA--(Marketwired - May 1, 2013) - GeoGlobal Resources Inc. (the "Company") (NYSE MKT:GGR) previously announced that it had received a delisting notice from the NYSE MKT LLC (the "Exchange") on April 17, 2013. The Company had the right to appeal the Exchange's determination on or before April 24, 2013. The Company did not request an appeal and therefore, the Exchange's determination has become final. Accordingly the Company's Common Stock is scheduled for delisting from the Exchange, and trading in the Company's Common Stock on the Exchange will be discontinued effective at the close of business on Thursday May 2, 2013.
The Company has made an application with the OTC Bulletin Board and taken the necessary steps so that the Company's Common Stock will be traded on the OTC Bulletin Board as soon as practicable after May 2, 2013.
GeoGlobal Resources Inc., headquartered in Calgary, Alberta, Canada, is a US publicly traded oil and gas company, which, through its subsidiaries, is engaged in the pursuit of petroleum and natural gas in high potential exploration targets through exploration and development in India, Israel and Colombia.
Cautionary Statement For Purposes Of The "Safe Harbor" Provisions Of The Private Securities Litigation Reform Act Of 1995.
This press release contains statements which constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs and current expectations of GeoGlobal Resources Inc., its directors, or its officers with respect to the oil and gas exploration, development and drilling activities being conducted and intended to be conducted and the outcome of those activities on the exploration blocks in which the Company has an interest. The Company updates forward-looking information related to operations, production and capital spending on a quarterly basis and updates reserves, if any, on an annual basis.
We caution you that various risk factors accompany our forward-looking statements and are described, among other places, under the caption "Risk Factors" in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. These risk factors could cause our operating results, financial condition and ability to fulfill our plans to differ materially from those expressed in any forward-looking statements made in this press release and could adversely affect our financial condition and our ability to pursue our business strategy and plans. If our plans fail to materialize, your investment will be in jeopardy.
An investment in shares of our common stock involves a high degree of risk. Our periodic reports, which we file with the Securities and Exchange Commission and Canadian provincial authorities may be viewed at http://www.sec.gov and www.sedar.com.