Gale Force Petroleum looks to USA for new investors
DALLAS, TX, Aug. 8, 2011, 2011-- - Joins Standard & Poor's Corporation Records Listing Program - - Has attracted US-based Institutional Investors -
Gale Force Petroleum Inc. (TSXV: GFP) ("Gale Force" or the "Company") announced today thatits company information will be available throughStandard & Poor's Corporation Records Listing Program. As part of the program, a full description of the Company will be published in the Daily News Section of the Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 States under the Blue Sky Laws. The Standard Corporation Records is available at www.netadvantage.standardandpoors.com
"Gale Force Petroleum has gained increasing numbers of US-based investors, including Iroquois Capital Opportunity Fund, L.P., a specialized oil and gas fund, and one of four institutional investors that have now made significant investments in the Company," said Michael McLellan, Chairman & CEO. "The Standard & Poor's Records Listing Program will help make the Corporation accessible to new US-based investors who can trade on the OTC market but not on the TSX Venture Exchange."
ABOUT IROQUOIS CAPITAL OPPORTUNITY FUND, L.P Iroquois Capital Opportunity Fund, L.P. ("ICO Fund") is a private equity fund focused on investments in the oil and gas industry. ICO Fund invests in low risk oil and gas assets and in technologies that increase production, improve recovery factor and reduce costs to apply these technologies to change the economics of the targeted assets. The fund is managed by a seasoned team that includes former senior national oil company executives, former senior oil service executives, oilfield technology venture capitalists and financiers experienced at structuring investments in the oil and gas industry.
ABOUT STANDARD & POORS CORPORATION RECORDS PROGRAM: The company information about Gale Force Petroleum to be made available through the Standard & Poors records listing program includes an in-depth description of the Gale Force Petroleum's business operations, share price, dividend history, shares outstanding, company financial position, earnings, and full income statement and balance sheet.
Company information distributed through the Corporation Records Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
ABOUT GALE FORCE PETROLEUM INC. − www.GaleForcePetroleum.com
Gale Force Petroleum is a public corporation focused on acquiring and exploiting undervalued oil and gas reserves in mature basins, bringing operational expertise and capital to lower-risk, development-type projects. The Company currently owns producing oil and gas properties in Texas, Oklahoma and Tennessee.
Forward looking statements: Statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are based on assumptions and estimates that are subject to various risks and uncertainties, including the risks disclosed under the heading "Risks and Uncertainties" in the Company's periodic filings on SEDAR, for example, in its Management Discussion and Analysis for the year ended June 30, 2010. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statements, except as required under applicable law.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Michael McLellan, CFA, Chairman & CEO, +1.514.221.2030 www.galeforcepetroleum.com