Greyson International, Inc. Provides Additional Information In Regards to its Oil & Gas Investment
24 Agosto 2012 - 10:04AM
Business Wire
Greyson International, Inc. (Pink Sheets: GYSN) announced
today additional information in regards to its investment in Blake
Oil and Gas Limited (“Blake”) a privately owned, Guernsey
registered, oil and gas company.
Earlier this year Greyson acquired a private entity that owned
630,690 shares of Blake in exchange for restricted shares of
Greyson’s common stock. Each member of that entity was issued
Greyson’s shares based upon their percentage of ownership in that
entity.
Greyson International is not an operator of that business. Its
interest is solely as an investor. Although its shares of ownership
haven’t changed, its percentage can vary depending upon the
outstanding shares of Blake. Its ownership is currently at 3%.
Blake has recently entered into a Joint Venture arrangement to
further exploit its Oil and Gas Assets in Georgia. Under terms of
the agreement, its partner has committed over $100,000,000 in
funding to further develop its oil and gas activities in the
Country of Georgia. According to independent studies, these
properties have been reported to have significant oil and gas
reserves. For more information please visit their website,
www.blakeoilandgas.com.
About Greyson International, Inc.
Greyson International, Inc. is a research, development and
marketing company that markets health and beauty aid products.
Trilexon® is a registered trademark of Greyson
International. For more information, visit www.greysonintl.com;
join the Greyson Facebook group page by visiting
www.facebook.com.
This release contains information about management’s view of our
future expectations, plans and prospects that constitute
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. Actual results may differ materially from historical results
or those indicated by these forward-looking statements as a result
of a variety of factors including, but not limited to, risks and
uncertainties associated with our financial condition, our ability
to sell our products and our ability to compete with competitors.
We encourage you to review other factors that may affect our future
results on any current or future documents we file periodically
with the Securities & Exchange Commission.
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