Mr. Jean Paul Roy

August 24, 2012 17:19 ET

Disposition of Shares of GeoGlobal Resources Inc.

ANTIGUA, GUATEMALA--(Marketwire - Aug. 24, 2012) - Further to disclosure requirements of applicable securities laws, Mr. Jean Paul Roy reports that on August 28, 2012 he disposed of 4,075,000 common shares ("Common Shares") of GeoGlobal Resources Inc. ("GeoGlobal") (NYSE MKT:GGR)(NYSE Amex:GGR) to a third party offeree, constituting approximately 2.9% of the issued and outstanding Common Shares, pursuant to a private agreement between Mr. Roy, the offeree and GeoGlobal (the "Transaction").

Prior to completion of the Transaction, Mr. Roy beneficially owned and controlled 22,419,991 Common Shares, constituting approximately 16.2% of the issued and outstanding Common Shares. Following the completion of the Transaction, Mr. Roy's share position was reduced to 18,344,991 Common Shares, constituting approximately 13.3% of the issued and outstanding Common Shares.

The Common Shares are listed under the symbol "GGR" on the NYSE MKT in the United States.

The Transaction was made for investment purposes. Mr. Roy may increase or decrease his investment in GeoGlobal depending on market conditions or any other relevant factors.

Mr. Roy will be filing a report under National Instrument 62-103 - The Early Warning System of the Canadian Securities Administrators in connection with the Transaction.

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • GeoGlobal Resources Inc.
    Jean Paul Roy
    Casa #5, Residencias Tetuan
    Camino a San Antonio Aguas Calientas
    Antigua GT, Sacatepequez, Guatemala. 030-01