DGAP-News: Texas Petroleum Inc. : TEXAS PETROLEUM INC.- ANNOUNCES TICKER SYMBOL FOR ITS FRANKFURT STOCK EXCHANGE LISTING
(firmenpresse) - DGAP-News: Texas Petroleum Inc. / Key word(s): IPO/Miscellaneous
Texas Petroleum Inc. : TEXAS PETROLEUM INC.- ANNOUNCES TICKER SYMBOL
FOR ITS FRANKFURT STOCK EXCHANGE LISTING
02.12.2010 / 11:51
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GRANDE PRAIRIE, AB -Thursday, December 2nd, 2010. Today TEXAS PETROLEUM
INC. (www.texas-petroleum.com) announced that it has received from its
German market maker, RenellWertpapierhandelsbank AG, its ticker symbol
'6TP' for trading on the Frankfurt Stock Exchange. Now TEXAS PETROLEUM
expects commencement of trading shortly, and the intended opening share
price of the stock is going to be EUR0.75 per share as already previously
announced.
TEXAS PETROLEUM is the first of several spin-outs of its parent, GRIT
INTERNATIONAL INC., which currently invites all of its shareholders to
participate in this spin-out and going public of TEXAS PETROLEUM by
purchasing TEXAS PETROLEUM shares for a preferred purchase price of EUR0.01
per share. All GRIT shareholders who own GRIT shares on December 31st, 2010
('Record Date') will be entitled to receive for each GRIT share owned on
such Record Date one additional TEXAS PETROLEUM share for the preferred
purchase price of EUR 0.01 per share.
The purchase price will be payable until January 31, 2011 ('Payment Date')
after which GRIT will deliver the purchased TEXAS PETROLEUM shares until
February 28, 2011 ('Delivery Date') to the participating shareholders.
Additional details about this spin-out opportunity have been addressed in
GRIT's past press releases which can be reviewed at GRIT's corporate
website at www.gritintl.com.
ABOUT TEXAS PETROLEUM 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 its discovery. Internationally focus will be in the emerging
markets with particular attention being addressed to the networking
connection of Ariva Resources, in the Western African Regions. Texas
Petroleum foresees a tremendous growth opportunity into these areas and
will become a major supplier of petroleum products.
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., is a subsidiary of GRIT International Inc.
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:Texas Petroleum Inc.,
Investor Relations
Website: www.texas-petroleum.com;
E-mail: info(at)texas-petroleum.com
A : Suite 2020
3- 9899 112th Avenue
Grande Prairie,Alberta
T8V 7T2Canada
Investor Relations - German
Mr. James Stewart
P: +49 (0) 2161 49694870
E: jstewart(at)texas-petroleum.com
End of Corporate News
02.12.2010 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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105290 02.12.2010
Datum: 02.12.2010 - 11:51 Uhr
Sprache: Deutsch
News-ID 32780
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