DGAP-News: GRIT INTERNATIONAL INC. - ANNOUNCES WKN FOR TEXAS PETROLEUM INC., PENDING ITS LISTINGS ON THE FRANKFURT STOCK EXCHANGE
(firmenpresse) - DGAP-News: GRIT International Inc. / Key word(s): IPO
GRIT INTERNATIONAL INC. - ANNOUNCES WKN FOR TEXAS PETROLEUM INC.,
PENDING ITS LISTINGS ON THE FRANKFURT STOCK EXCHANGE
01.12.2010 / 09:00
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Corporate Press Release
Wednesday, December 01st, 2010
09.00am Central European Time
PRESS RELEASE
GRIT INTERNATIONAL INC. - ANNOUNCES WKN FOR TEXAS PETROLEUM INC., PENDING
ITS LISTINGS ON THE FRANKFURT STOCK EXCHANGE
GRANDE PRAIRIE, AB - Tuesday - December 01st, 2010: - GRIT INTERNATIONAL
INC. (3GR1:F) is pleased to announce that its subsidiary Texas Petroleum
Inc., has received its WKN Number A1H388; and its ISIN Number CA
8826521004. It has received this information earlier than anticipated
which provides the company with a clear indication that the shares could be
trading as early as December 2010.
As you have read in prior press releases, GRIT International Inc. will make
available to all GRIT shareholders the opportunity to acquire an equal
amount of Texas Petroleum Inc shares for a one-time only reduced price of
EUR0.01. The parameters for this are as follows: Entitlement for this
opportunity, as stated before, requires the ownership of one GRIT share on
the record date of December 31st, 2010, for the opportunity to acquire one
Texas Petroleum Inc share priced at EUR0.01. GRIT will require all
shareholders who own less than 50,000 shares to email a third party
verification, such as copies of a December 31st, 2010 bank statement;
shareholders who own in excess of 50,000 shares require to provide a
notarization of such a bank statement. The scanned bank statements are to
be emailed to grit-admin(at)gritintl.com. Upon review of the received December
31st, 2010 bank statements confirmation will be emailed back; validating
the number of Texas Petroleum shares available, and the right to pay to
GRIT the EUR0,01 per share value. The deadline for the payment is January
31st, 2011. Receipt of funds to GRIT for Texas Petroleum shares will allow
GRIT to issue Texas Petroleum Inc. shares for February 28th, 2011 deemed
delivery date.
This past week the management of GRIT International Inc. and Texas
Petroleum Inc., attended the German Equity Forum held in Frankfurt, met
with shareholders, developed further awareness for the company in Germany,
and met with the representatives of potential acquisition targets. The
Texas Petroleum website is now online, and the company anticipates the
trading of the shares at an opening price of EUR0.75 per share.
ABOUT
GRIT INTERNATIONAL INC
GRIT International Inc., is a Canadian based company registered in the
State of Nevada, US; -Diversified Industrial Services Company, offering
Support Services, Utilities, Oil&Gas and Mineral holdings. The businesses
that make up GRIT INTL - Integrate amongst each other providing a present
revenue from the energy industry and also seeks out Environmentally
Sustainable solutions in nuclear energy, renewable resources in bio-waste
and other alternative fuels available at present time. GRIT foresees
expanding its divisions from an international to that of a Global services
provider.
TEXAS PETROLEUM INC (A SUBSIDIARY OF GRIT INTERNATIONAL INC.)
GRIT's first subsidiary spin-off company which is domestically and
internationally focusing on the acquisition(s) of producing Oil&Gas
Fields, with proven barrels in reserves as a fundamental criteria.
Domestically the company will focus on Texas Oil Reserves, noting the areas
such as East Texas Oil Fields which have produced 5.2 billion barrels of
oil since their discovery. Internationally focus will be on the emerging
markets with particular attention being addressed to the networking
connection of Ariva Resources Ltd., in the Western African Regions. Texas
Petroleum foresees a tremendous growth opportunity into these areas and
will become a major supplier of petroleum products.
Safe Harbor Statement; under the Private Securities Litigation Reform Act
of 1995: The statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays
beyond the company's control with respect to market acceptance of new
technologies or products, delays in testing and evaluation of products, and
other risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
###
Contact: GRIT International Inc.,
Investors Relations
Website: www.gritintl.com;
E-mail: grit-admin(at)gritintl.com
P : 780.513.1125
F : 780.814.5584
A : Suite 201, 9914 - 109th Avenue, Grande Prairie, AB, T8V 1R7
Investors Relations - German
Mr. James Stewart
P: 49 2161 49694870
E: jstewart(at)gritintl.com
End of Corporate News
01.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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105058 01.12.2010
Datum: 01.12.2010 - 09:00 Uhr
Sprache: Deutsch
News-ID 32765
Anzahl Zeichen: 0
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Kategorie:
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