DGAP-News: Stoney Plains Resource Corp.: Stoney Plains Resources Corp. to Commence Process to Move Up to Entry Standard Level Listing on Deutsche Boerse Group (Frankfurt Stock Exchange)
(firmenpresse) - DGAP-News: Stoney Plains Resource Corp. / Key word(s): Miscellaneous
Stoney Plains Resource Corp.: Stoney Plains Resources Corp. to
Commence Process to Move Up to Entry Standard Level Listing on
Deutsche Boerse Group (Frankfurt Stock Exchange)
15.02.2012 / 09:00
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Toronto, ON- Stoney Plains Resources Corp-confirmed today that the Company
has retained the services of a third party financial firm to commence the
process to move from the FQB (First Quotation Board) to the Entry Standard
Level Listing.
Stoney Plains will be required to complete a prospectus package that will
include and not be limited to audited financials. The Company has accepted
the assistance of a well known financial group participant that will ensure
that all regulations and guidelines are fulfilled to meet the standards set
forth by the Deutsche Boerse Group before the Sept. 30, 2012 deadline.
'The Company can differentiate itself within the Open Market and increase
investor visibility opting for a listing in the Entry Standard - an entry
segment which includes the possibility of a subsequent listing moving up to
the more prestigious General Standard or the Prime Standard', noted Stoney
Plains Resources Corp. President, Mr. Steve Ignas.
Companies listing on the Entry Standard must fulfill ongoing transparency
requirements including the following which must be published on the Listed
Company's website:
i. Audited consolidated financial statements and management report (in
accordance with provisions of the national accounting standards like the
German Commercial Code, HGB or International Financial Reporting Standards,
IFRS) no later than six months after the end of the reporting period;
ii. Publication of a brief, up-to-date company profile and a calendar of
company events;
iii. Publication of the interim report no later than three months after the
end of the first half of the fiscal year- There is no minimum content
requirement of the interim report. Simply put using figures and explanatory
notes, the interim report should give a true and fair view of the issuer's
financial position and general business trend during the first six months
of the financial year (reporting period); and
iv. Immediate publication of information that could have a significant
impact on the price of the listed shares.
Additional information will be made available via press release or on the
company's website at www.stoneyplainsresource.com
** END OF NEWS RELEASE **
About Stoney Plains Resources Corp.
Equity, ISIN CA8620181088, WKN A1JDD8, RPS
Stoney Plains Resources Corp. is an exploration development integrated oil
company with operations in Oklahoma. Our focus is to purchase high value
oil leases and bring them into full production. Due to the current economic
conditions, several tangible opportunities have become available in areas
recognized for proven and continuous oil production. The company has
recently secured purchased agreements with oil producers in both Oklahoma
and Texas. The Agreement will allow the company to purchase 2.5 million
barrels of oil for a fixed discount price. Revenues will be reinvested to
acquire undervalued oil wells, with the intention of reworking these wells
using the latest oil recovery techniques.This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future.
All statements contained herein are based upon information available to the
management of Stoney Plains Resources Corp.as of the date hereof, and
actual results may vary based upon future events, both within and without
the control of the management, including risks and uncertainties that could
cause actual results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.
Contact: Stoney Plains Resources Corp.
Bradley Sauder
Corporate Relations
647-930-5396
bsauder(at)stoneyplainsresource.com
End of Corporate News
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15.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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156617 15.02.2012
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Datum: 15.02.2012 - 09:00 Uhr
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News-ID 114768
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