GRIT International Inc.
GRIT INTERNATIONAL INC. – ANNOUNCES WKN FOR TEXAS PETROLEUM INC., PENDING ITS LISTINGS ON THE FRANKFURT STOCK EXCHANGE
GRIT International Inc. / Key word(s): IPO
Corporate Press Release PRESS RELEASE
GRIT INTERNATIONAL INC. – ANNOUNCES WKN FOR TEXAS PETROLEUM INC., PENDING ITS LISTINGS ON THE FRANKFURT STOCK EXCHANGE As you have read in prior press releases, GRIT International Inc. will make available to all GRIT shareholders the opportunity to acquire an equal amount of Texas Petroleum Inc shares for a one-time only reduced price of EUR0.01. The parameters for this are as follows: Entitlement for this opportunity, as stated before, requires the ownership of one GRIT share on the record date of December 31st, 2010, for the opportunity to acquire one Texas Petroleum Inc share priced at EUR0.01. GRIT will require all shareholders who own less than 50,000 shares to email a third party verification, such as copies of a December 31st, 2010 bank statement; shareholders who own in excess of 50,000 shares require to provide a notarization of such a bank statement. The scanned bank statements are to be emailed to grit-admin@gritintl.com. Upon review of the received December 31st, 2010 bank statements confirmation will be emailed back; validating the number of Texas Petroleum shares available, and the right to pay to GRIT the EUR0,01 per share value. The deadline for the payment is January 31st, 2011. Receipt of funds to GRIT for Texas Petroleum shares will allow GRIT to issue Texas Petroleum Inc. shares for February 28th, 2011 deemed delivery date. This past week the management of GRIT International Inc. and Texas Petroleum Inc., attended the German Equity Forum held in Frankfurt, met with shareholders, developed further awareness for the company in Germany, and met with the representatives of potential acquisition targets. The Texas Petroleum website is now online, and the company anticipates the trading of the shares at an opening price of EUR0.75 per share. ABOUT
GRIT INTERNATIONAL INC
TEXAS PETROLEUM INC (A SUBSIDIARY OF GRIT INTERNATIONAL INC.) Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. ### Contact: GRIT International Inc.,
Investors Relations
Investors Relations – German End of Corporate News 01.12.2010 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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