NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) and Geomark Exploration
Ltd. ("Geomark") (TSX VENTURE:GME) wish to remind their respective shareholders
of the special meetings of each of Pine Cliff and Geomark to be held on October
18, 2012 for the purpose of considering the proposed plan of arrangement (the
"Arrangement") and related transactions, as applicable, involving Pine Cliff,
Geomark and the shareholders of Geomark. Shareholders are also reminded to
complete and deliver the Voting Information Forms or Proxies, as applicable,
and, in the case of shareholders of Geomark, the letter of transmittal, as
applicable, in accordance with the instructions contained therein. 


In connection with the Arrangement, Pine Cliff and Geomark advise that they have
jointly determined that the proposed amalgamation of Pine Cliff and Geomark (the
"Amalgamation"), which was expected to occur pursuant to a step in the plan of
arrangement (the "Plan of Arrangement"), is not necessary at this time and that
by keeping Geomark as a wholly owned subsidiary, Pine Cliff can reduce costs
associated with consequential government filings, third party notifications and
registration requirements. The arrangement agreement (including the Plan of
Arrangement) previously entered into between Pine Cliff and Geomark (the
"Arrangement Agreement") has been amended and restated to reflect this change.
The amendments are subject to the approval of the Court of Queen's Bench of
Alberta (the "Court") as part of the final court approval process in connection
with the Arrangement. A copy of the amended and restated Arrangement Agreement
(including the Plan of Arrangement) is available under the corporate profiles
each of the Pine Cliff and Geomark profiles on the System for Electronic
Document Analysis and Retrieval ("SEDAR") at www.sedar.com.


Information regarding the amalgamated entity ("Amalco") and its shares (the
"Amalco Shares") contained in the joint information circular of Pine Cliff and
Geomark (the "Information Circular") and related documents, each as previously
mailed to the respective shareholders of Pine Cliff and Geomark, should now be
read as information regarding Pine Cliff, on a consolidated basis after giving
effect to the acquisition by Pine Cliff of Geomark in connection with the
Arrangement. Pursuant to the Arrangement, shareholders of Geomark will receive
common shares of Pine Cliff as consideration for their common shares of Geomark
in accordance with the exchange ratio, which has not been amended, set forth in
the amended and restated Arrangement Agreement. Other than the elimination of
the Amalgamation as a step of the Plan of Arrangement, no other amendments have
been made to the Arrangement. 


Further, since the anticipated transfer of certain of Geomark's oil and gas
assets to Pine Cliff immediately prior to the effective time of the Arrangement,
as detailed in the Information Circular, was permissive under the terms of the
Arrangement Agreement and considered to be ancillary to the Amalgamation, Pine
Cliff and Geomark have determined not to carry out such transfer and, upon
completion of the Arrangement, all of Geomark's oil and gas assets will
presently continue to be held by Geomark, as a wholly-owned subsidiary of Pine
Cliff. 


For further details regarding the Arrangement please refer to the Information
Circular and the amended and restated Arrangement Agreement, copies of which are
available under the corporate profiles of each of Pine Cliff and Geomark on
SEDAR at www.sedar.com. 


For Further Information:

Further information relating to Pine Cliff may be found on www.sedar.com as well
as on Pine Cliff's website at www.pinecliffenergy.com or by contacting Philip B.
Hodge.


Further information relating to Geomark may be found on www.sedar.com as well as
on Geomark's website at www.geomark.ca or by contacting George F. Fink.


Cautionary Statements

This news release contains certain statements or disclosures relating to Pine
Cliff and Geomark that are based on the expectations of Pine Cliff and Geomark
as well as assumptions made by and information currently available to Pine Cliff
and Geomark which may constitute forward-looking information under applicable
securities laws. All such statements and disclosures, other than those of
historical fact, which address activities, events, outcomes, results or
developments that Pine Cliff and Geomark anticipate or expect may, or will occur
in the future (in whole or in part), including the Arrangement, the approval of
the amendment to the Arrangement, the timing of the Pine Cliff Meeting and the
Geomark Meeting, the successful completion of the Arrangement and the timing
thereof, the anticipated cost savings associated with not proceeding with the
Amalgamation and the approvals required of the Court in connection with the
amendments to the Arrangement should be considered forward-looking information.
In some cases, forward-looking information can be identified by terms such as
"forecast", "future", "may", "will", "expect", "anticipate", "believe",
"potential", "enable", "plan", "continue", "contemplate", "intend", or other
comparable terminology. Readers are cautioned that there is no assurance that
the matters referenced herein will proceed as set forth herein or at all. Many
factors could cause the performance or achievement by Pine Cliff and Geomark to
be materially different from any future results, performance or achievements
that may be expressed or implied by such forward-looking statements. These
factors include failure to obtain necessary shareholder, regulatory, stock
exchange, court and other third party consents and approvals. Readers are
cautioned that the foregoing list of factors is not exhaustive. The
forward-looking statements contained in this news release are expressly
qualified by this cautionary statement. Neither Pine Cliff nor Geomark are under
any duty to update any of the forward-looking statements after the date of this
news release or to conform such statements to actual results or to changes in
Pine Cliff's or Geomark's expectations and each of Pine Cliff and Geomark
disclaim any intent or obligation to update publicly any forward-looking
statements, whether as a result of new information, future events or results or
otherwise, other than as required by applicable securities laws.


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