Connecting choice makers to a dynamic network of data, folks and concepts, Bloomberg quickly and precisely delivers enterprise and monetary info, information and insight all over the world. Gale Drive Petroleum Inc., along with its subsidiaries, is engaged in the acquisition, exploitation, growth, and production of oil and natural gasoline within the United States. To contact GALE DRIVE PETROLEUM INC, please go to Company data is offered by Capital IQ. Please use this manner to report any data issues. On June 28, 2013, Iroquois requisitioned a particular assembly of the shareholders of Gale Pressure for the purpose of reconstituting the board of directors of Gale Force.
Subject to applicable law, Iroquois may occasionally have discussions with different shareholders of Gale Pressure and its board of directors and management regarding Gale Drive Gale Force Petroleum, its prospects and potential means of enhancing shareholder worth, together with without limitation, with respect to potential modifications in the enterprise, technique or composition of the board and administration of Gale Pressure.
Iroquois might also occasionally initiate or participate in such other actions because it considers essential to seek to enhance shareholder worth at Gale Power, including without limitation, actions intended to trigger adjustments to the business, strategy or composition of the board and management of Gale Power. Penny Inventory Hub pulls information from at this time’s largest authorities on the small cap market.
Iroquois requisitioned the special assembly because of its important issues regarding the governance and performance of Gale Force underneath its present board and administration. Rather than complying with the requisition, Gale Pressure selected to schedule its 2013 annual basic assembly for November 21, 2013. Iroquois continues to imagine that reconstituting the Gale Pressure board of administrators would be in one of the best pursuits of Gale Power and its shareholders and intends to nominate an alternate slate of highly qualified administrators for election at the annual normal meeting. Is a privately pooled investment vehicle that is managed by Iroquois Capital Administration, LLC.
Iroquois Capital Opportunity Fund L.P. is a non-public fairness fund targeted on direct ownership of oil and gas belongings, usually by way of three way partnership opportunities with private and non-private E&P corporations growing onshore oil and gas assets in North America. Gale Force Petroleum is a public company focused on buying and exploiting underdeveloped oil and gasoline reserves in mature basins, bringing operational expertise and capital to decrease-danger, improvement-kind projects. The above information release has been provided by the above company via the OTC Disclosure and News Service.