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Message: GFP to trade tomorrow

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gemoz

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GFP to trade tomorrow

posted on Feb 11, 10 06:39PM

Not sure if it will be the same symbol but with the reverse split, the share price should be .25 if Investors decide for the status quo.

Here's the start of the news release:

GALE FORCE PETROLEUM TO BE REINSTATED TO TRADING; CLOSES DEBT RESTRUCTURING, $1.5 MILLION REFINANCING AND THREE ACQUISITIONS IN TRUST

Wednesday, February 10th, 2010

Montreal, February 10, 2010 – Gale Force Petroleum Inc. (TSX Venture: GFP, the “Corporation”) today announced that it has closed in trust a series of transactions to conclude the restructuring of its debts, re-finance the Corporation and acquire new properties. These transactions were previously announced on September 25, 2009 and on January 20, 2010.

SHARE CONSOLIDATION & REINSTATEMENT TO TRADING

The shares of the Corporation were consolidated on a basis of one (1) new share for each fifty (50) old shares. There are now an aggregate 1,243,187 common shares of the Corporation issued and outstanding. The Corporation has been advised that trading in the post-consolidated shares of the Corporation are scheduled to be reinstated effective the opening Friday, February 12, 2010 on the TSX Venture Exchange.

..."

GLTA

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