Message #28 From:
Stock News Bot Date: December 15, 2006 07:51:00 AM
GFCI News GFCI Notified of Selection of Warrant Agent for Class A, B and C Preference Drilling Participation Shares
CONROE, Texas--(BUSINESS WIRE)--Grifco International, Inc. (Pink Sheets: GFCI) announced today that it
has received written notification from Universal Energy Resources, Inc.
that it has selected Mellon Investor Services to act as its warrant
agent in connection with the issuance of Series A, B, and C Preference
Drilling Participation Shares.
The first step in issuing the warrants will be getting a shareholders’
list from the transfer agent for the Record Date close of business on
December 25, 2006. All shareholders on the Record Date will be entitled
to receive their pro rata share of Class A, B and C Preference Drilling
Participation Shares. Further details will follow.
Jim Dial President stated “we are pleased with
shareholder reaction to the Series A, B and C Preference Drilling
Participation Shares. This is a great way to give our shareholders
participation in the Net Royalty Interest on the gas production program
in Crockett County, TX. We intend on negotiating additional warrants and
rights agreements for the benefit of our shareholders in the future.”
Forward Looking Cautionary Statements
Any statements that are not based on historical fact are forward-looking
statements. Although such statements are based on management’s
current estimates and expectations, and currently available competitive,
financial, and economic data, forward-looking statements are inherently
uncertain. We, therefore, caution the reader that there are a variety of
factors that could cause business conditions and results to differ
materially from what is contained in our forward-looking statements.
