/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
KELOWNA, BC, July 5, 2017 /CNW/ - Georox Resources Inc.
("Georox" or the "Corporation") (GXR: TSX-V;
OF6A:FRA) announces that the TSX Venture Exchange has approved an
extension of the deadline to complete the previously announced
private placement of 6,428,571 units at a price of $0.07 per unit for gross cash proceeds of
approximately $450,000 to
August 4, 2017.
About Georox:
Georox is a public oil and gas exploration, exploitation and
development company focusing on conventional oil and gas reservoirs
in Western Canada. Georox will use
its experience to develop, acquire and drill assets with potential
for primary and secondary recovery.
Production volumes are commonly expressed on a barrel of oil
equivalent ("boe") basis whereby natural gas volumes are converted
at a ratio of six thousand cubic feet to one barrel of oil.
The intention is to convert oil and natural gas measurement units
into one basis for improved analysis of results and comparisons
with other industry participants. The term BOE may be
misleading, particularly if used in isolation. The conversion
ratio is based on an energy equivalent method and does not
represent an economic value equivalency at the wellhead.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Units in the United States. The Units (or constituent
securities) have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
SOURCE Georox Resources Inc.