Publicly traded oil and gas company GeoGlobal Resources announced that its common stock began trading on the over-the-counter market at the opening of trading today, May 3, 2013, under the trading symbol “GGLR.” GeoGlobal’s common stock will cease trading on the New York Stock Exchange at the close of today’s market and will be hereafter quoted through the facilities of the OTC Markets Group.
The company has additionally announced the appointment of new directors. Composing more than 51% of the company’s outstanding stock, the Israel Land Development Company-Energy and Mr. Jean Paul Roy have appointed new directors to succeed David O. Conklin, Michael J. Hudson, and Paul B. Miller as the directors of GeoGlobal.
Appointed as a director, Jean Paul Roy will act as chairman of the board for GeoGlobal. Michael Cronin, who is an institutional equity trainer at Direct Access Partners LLC, has been appointed as an independent director. Cronin has worked within institutional sales in the Boston area for the last 24 years, working with both large and small firms regarding their investment philosophies and strategies.
Paul B. Miller will continue serving as the company’s president and CEO. The company’s previous directors will continue providing support during the transition period. As GeoGlobal moves to the OTC, the company will continue working on the disposition of assets as well as company restructuring.
Headquartered in Calgary, Alberta, Canada, GeoGlobal Resources is a U.S. publicly traded oil and gas company that, through its subsidiaries, pursues petroleum and natural gas in high potential exploration targets through exploration and development in India, Israel Colombia.
For more information, visit www.geoglobal.com
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