DGAP-News: Black Hawk Petroleum Inc.: Market Segment Change to 'Entry Standard'
(firmenpresse) - DGAP-News: Black Hawk Petroleum Inc. / Key word(s):
Statement/Regulatory Admission
Black Hawk Petroleum Inc.: Market Segment Change to 'Entry Standard'
13.06.2012 / 13:00
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Market Segment Change to 'Entry Standard'
BLACK HAWK PETROLEUM INC. (BHP) announces that the preparations for the
market segment change 'Entry Standard' are nearing completion. Entry
Standard places additional transparency requirements on the companies it
lists, requirements which BHP is ready to meet. For example, BHP's annual
statement is nearing completion and will be released immediately with the
auditors' report. In addition to publishing the audited financial
statements and management report, future financial reports will be
published on a semi-annual basis.
This at the core of BHP's response to the resegmentation of the open market
on the Frankfurt Stock Exchange, which has led and will continue to lead to
a number of companies being delisted. Companies will be admitted to Entry
Standard only if they meet all the requirements for listing. BHP management
sees the company well positioned and equipped to meet the exacting criteria
and will perform the necessary financial and technical challenges, because
BHP expects the segment change to have positive impact on its business. The
sharp rise in IPO applications will, as BHP sees it, result in an improved
quality of the companies listed. BHP wants to make public its decision to
take this step and set a good example.
A prospectus is currently being prepared for approval. It will then be
published by the German Federal Financial Services Supervisory Authority
(BaFin).
Disclaimer/Forward-looking statements:
This announcement is intended solely for general purposes and is not a
solicitation to buy or sell shares of Black Hawk Petroleum, Inc. or shares
in any project of Black Hawk Petroleum, Inc.
A number of statements in this release are forward-looking statements
within the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements are based on current expectations,
estimates and projections and currently available information. The
forward-looking statements should not be understood as guarantees of future
developments and results. The statements are not based on past history and
represent forward-looking statements and assumptions that involve risks and
uncertainties, which could result in very different results than those
presented here; including but not limited to, certain delays outside the
company'scontrol with respect to the commencementand duration of
exploration and production operations, uncertainties regarding future
and/or unexpected expenses, commodity price fluctuations, uncertainty that
capital will be raised when needed or at all, changes in national and local
laws, challenges to the ownership rights of the property, environmental
hazards, industrial accidents, unusual or unexpected geological formations,
floods and other natural disasters, the risk of inadequate insurance or
inability to obtain insurance and other risks, and also entirely unknown
risks, uncertainties, and factors, which could causethe financial
situation, development or performance of the company to differ materially
from those contained or implied in these statements.
All mentioned and unforeseeable risks can affect the growth of the business
and therefore the profits of the company.
Toronto, June 13th,2012
Black Hawk Petroleum Inc.
Contact:
Head Office
Management&Investor Relations
#2 Temperance St, Suite 210
Toronto, ON M5H 1Y5
Canada
fon +1 (647) 725-2626
fax +1 (647) 723-7514
mail contact-us(at)bhp-energy.com
Europe Office
Investor Relations
3 Lloyds Avenue,
London, EC3N 3DS
United Kingdom
fon +44 (203) 014-8919
fax +44 (203) 014-8919
mail contact-uk(at)bhp-energy.com
End of Corporate News
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