SOURCE: EOS Petro Inc

November 14, 2014 19:44 ET

Eos Petro Announces Correction of Inappropriate Trading Symbol Addition

LOS ANGELES, CA--(Marketwired - Nov 14, 2014) - Eos Petro, Inc. ("Eos") today announced that an "E" symbol that was attached to the end of Eos' company trading symbol, (OTCBB: EOPT), today at market open, was inappropriately added and will be removed. Eos is not delinquent, and its trading symbol EOPT is not in danger of being delisted. After conversations between Eos and the Financial Industry Regulatory Authority ("FINRA"), a FINRA representative stated that the "E" will be removed from Eos' trading symbol by the next market open.

As explained on the OTCBB website: "A fifth character of 'E' in a security's trading symbol is used to denote securities that FINRA believes are delinquent in their required filings." See, Listing Requirements, http://www.otcbb.com/issuerinformation/issuerinfo.stm. In conversations between Eos' counsel and FINRA on November 14, FINRA initially stated that the "E" had been added because Eos failed to timely file a Form 12b-25 for its Form 10-Q filing for the quarter ended September 30, 2014. However, Eos did timely file a Form 12b-25 with the Securities and Exchange Commission on November 12, 2014, and therefore advised FINRA that the "E" had been inappropriately added to Eos' trading symbol.

After Eos' counsel provided evidence to FINRA of Eos' compliance, a FINRA representative informed Eos and its counsel that at the close of the market today, 4:30 EST, the OTCBB will publish a list stating that the "E" will be removed from Eos' trading symbol, and Eos' trading symbol will appear as normal by the next market open.

About Eos

Eos Petro, Inc. is a U.S. listed company that is in the business of acquiring, exploring and developing oil and gas-related assets, both domestically and internationally. Eos' current, active properties are located in the Illinois Basin.

Forward Looking Statements

This press release contains or is based upon projections, expectations, beliefs, plans, objectives, assumptions, descriptions of future events or performances and other similar statements that constitute "forward looking statements" that involve risks and uncertainties, many of which are beyond our control. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "will continue," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would" and "outlook," and similar expressions. All statements, other than statements of historical facts, included in this press release regarding our expectations, objectives, assumptions, strategy, future operations, financial position, estimated revenue or losses, projected costs, prospects and plans and objectives of management are forward-looking statements. All forward-looking statements speak only as of the date of this press release. Our actual results could differ materially and adversely from those anticipated in such forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: general volatility of the capital markets and the market price of our common stock; changes in our business or investment strategy; availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the market in which we operate, interest rates or the general economy; and the degree and nature of our competition. These and other risk factors are more fully discussed in Eos' filings with the Securities and Exchange Commission. It is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statement. We undertake no obligation to update any forward-looking statements or other information contained herein. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this press release are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf.

Contact Information

  • Media / Investor Contacts

    For Eos:
    Michael Briola
    Partner
    Anubis Partners, LLC
    +1 541.482.0919
    Email Contact