GPI Up and Trading....
GPI Update:
Effective at the open, Thursday, Nov. 9, 2006, trading in the company's shares will resume.
Further to the company's news release dated Oct. 31, 2006, regarding the proposed acquisition of certain oil and gas properties (the change of business), the TSX Venture Exchange has granted the company an exemption from the sponsorship requirements.
This resumption of trading does not constitute acceptance of the change of business and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The company is required to submit all of the required initial documentation relating to the change of business within 75 days of the issuance of the news release. If this documentation is not provided or is insufficient, a trading halt may be reimposed.
Completion of the transaction is subject to a number of conditions, including, but not limited to, TSX-V acceptance and shareholder approval. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. Should this occur, a trading halt may be reimposed.