GHP EXPLORATION CORPORATION ANNOUNCES COMMENCEMENT OF STOCK TRADING
1997-04-21
HOUSTON, TEXAS
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GHP Exploration Corporation today announced the completion of its
amalgamation with Laverty Industrial Development Ltd. ("Laverty")
to form a new company named GHP Exploration Corporation ("GHP").
Trading of GHP's common stock has commenced on the Canadian Dealing
Network under the Symbol GHPX.U.
Pursuant to the amalgamation agreement, each fifteen (15) shares of
Laverty and each one share of GHP Exploration Corporation were
exchanged for one share of the amalgamated company. The Company has
17.4 million common shares, 2.4 million share purchase warrants and
1.14 million options to purchase common shares outstanding. The
Company currently has working capital of U.S. $11.9 million.
GHP engages in the exploration for and development and production
of crude oil and natural gas in the United States and
Internationally. The Company currently has operations and interests
in acreage in the Gulf of Mexico, onshore Texas and in Utah. Its
management consists of George H. Plewes - Chairman and Chief
Executive Officer, Barry D. Lasker - President and Chief Operating
Officer, Gaylon E. Freeman - Vice President of Exploration and G.
Wade Stubblefield - Vice President of Finance and Corporate
Secretary.
The Company intends to transfer its corporate domicile to the Yukon
Territory of Canada, from British Columbia, at which time its board
of directors will consist of George H. Plewes, Barry D. Lasker,
Stephen S. Kurtz and John J. Fleming. Its corporate offices are
located in Houston, Texas.
(NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY
AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED
HEREIN.)
Contacts:
George H. Plewes/John M. Plewes - (604) 669-2525
G. Wade Stubblefield - (713) 626-9373 |
