GRIT International Inc.
GRIT International Inc.: GRIT INTERNATIONAL INC. – ANNOUNCES CORPORATE CAPITAL RAISE FOR 4.5M EUROS
GRIT International Inc. / Key word(s): Corporate Action/Capital Increase 11.01.2011 / 12:06 GRANDE PRAIRIE, AB - Tuesday - January 11th, 2011 - GRIT INTERNATIONAL (3GR1:F) is pleased to announce that the company will be aggressively seeking to raise its first capital tranche of EUR4.5M. The company and its subsidiary Texas Petroleum has on the horizon bona fide targets to acquire that will bring shareholder value and profit value to the company. The use of the capital raised will assist in general operations, further pursue expansion plans thereby enhancing shareholder value. ABOUT GRIT INTERNATIONAL INC GRIT International is a Canadian based company registered in the State of Nevada, US. Diversified investment and management company specializing in industrial resources. Interests include precious metals and energy, environmental technologies and industrial manufacturing. Seeking out Environmentally Sustainable solutions in nuclear energy, renewable resources in bio-waste and other alternative fuels available at present time. Expansion of the divisions will position GRIT as a Global services provider. For more information please visit the company's website at www.gritintl.com TEXAS PETROLEUM INC. GRIT's first subsidiary spin-off company which is domestically and internationally focusing on the acquisition(s) of producing Oil & Gas Fields, with proven barrels in reserves as a fundamental criteria. Domestically the company will focus on Texas Oil Reserves, noting the areas such as East Texas Oil Fields which have produced 5.2 billion barrels of oil since its discovery. Internationally focus will be in the emerging markets with particular attention being addressed to the networking connection of Ariva Resources, in the Western African Regions. Texas Petroleum foresees a tremendous growth opportunity into these areas and will become a major supplier of petroleum products. 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., Investor Relations Website: www.gritintl.com; E-mail: grit-admin@gritintl.com P : +1.780.513.1125 F : +1.780.814.5584 A : Suite 201, 9914 - 109th Avenue, Grande Prairie, AB, T8V 1R7 Investor Relations - German Mr. James Stewart P: +49.2161 49694870 E: jstewart@gritintl.com End of Corporate News --------------------------------------------------------------------- 11.01.2011 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 --------------------------------------------------------------------- 108621 11.01.2011
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