Stoney Plains Resource Corp.
Stoney Plains Resource Corp.: Stoney Plains Resources Corp. to Commence Process to Move Up to Entry Standard Level Listing on Deutsche Boerse Group (Frankfurt Stock Exchange)
Stoney Plains Resource Corp. / Key word(s): Miscellaneous 15.02.2012 / 09:00 --------------------------------------------------------------------- Toronto, ON- Stoney Plains Resources Corp-confirmed today that the Company has retained the services of a third party financial firm to commence the process to move from the FQB (First Quotation Board) to the Entry Standard Level Listing. Stoney Plains will be required to complete a prospectus package that will include and not be limited to audited financials. The Company has accepted the assistance of a well known financial group participant that will ensure that all regulations and guidelines are fulfilled to meet the standards set forth by the Deutsche Boerse Group before the Sept. 30, 2012 deadline. 'The Company can differentiate itself within the Open Market and increase investor visibility opting for a listing in the Entry Standard - an entry segment which includes the possibility of a subsequent listing moving up to the more prestigious General Standard or the Prime Standard', noted Stoney Plains Resources Corp. President, Mr. Steve Ignas. Companies listing on the Entry Standard must fulfill ongoing transparency requirements including the following which must be published on the Listed Company's website: i. Audited consolidated financial statements and management report (in accordance with provisions of the national accounting standards like the German Commercial Code, HGB or International Financial Reporting Standards, IFRS) no later than six months after the end of the reporting period; ii. Publication of a brief, up-to-date company profile and a calendar of company events; iii. Publication of the interim report no later than three months after the end of the first half of the fiscal year- There is no minimum content requirement of the interim report. Simply put using figures and explanatory notes, the interim report should give a true and fair view of the issuer's financial position and general business trend during the first six months of the financial year (reporting period); and iv. Immediate publication of information that could have a significant impact on the price of the listed shares. Additional information will be made available via press release or on the company's website at www.stoneyplainsresource.com ** END OF NEWS RELEASE ** About Stoney Plains Resources Corp. Equity, ISIN CA8620181088, WKN A1JDD8, RPS Stoney Plains Resources Corp. is an exploration development integrated oil company with operations in Oklahoma. Our focus is to purchase high value oil leases and bring them into full production. Due to the current economic conditions, several tangible opportunities have become available in areas recognized for proven and continuous oil production. The company has recently secured purchased agreements with oil producers in both Oklahoma and Texas. The Agreement will allow the company to purchase 2.5 million barrels of oil for a fixed discount price. Revenues will be reinvested to acquire undervalued oil wells, with the intention of reworking these wells using the latest oil recovery techniques. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Stoney Plains Resources Corp.as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Contact: Stoney Plains Resources Corp. Bradley Sauder Corporate Relations 647-930-5396 bsauder@stoneyplainsresource.com End of Corporate News --------------------------------------------------------------------- 15.02.2012 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 --------------------------------------------------------------------- 156617 15.02.2012
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