0000896726-12-000031.txt : 20120612 0000896726-12-000031.hdr.sgml : 20120612 20120612155533 ACCESSION NUMBER: 0000896726-12-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120612 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120612 DATE AS OF CHANGE: 20120612 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEOGLOBAL RESOURCES INC. CENTRAL INDEX KEY: 0000896726 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 330464753 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32158 FILM NUMBER: 12902886 BUSINESS ADDRESS: STREET 1: SUITE 200, 625 - 4TH AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0K2 BUSINESS PHONE: 403-777-9250 MAIL ADDRESS: STREET 1: SUITE 200, 625 - 4TH AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0K2 FORMER COMPANY: FORMER CONFORMED NAME: GEOGLOBAL RESOURCES INC DATE OF NAME CHANGE: 20040202 FORMER COMPANY: FORMER CONFORMED NAME: SUITE 101 COM INC DATE OF NAME CHANGE: 19990201 FORMER COMPANY: FORMER CONFORMED NAME: KINETIC VENTURES LTD DATE OF NAME CHANGE: 19970514 8-K 1 form8k.htm FORM 8K NOMINATION COHEN TO BOARD OF DIRECTORS form8k.htm

 
 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K
CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

June 8, 2012
(Date of earliest event reported)





GEOGLOBAL RESOURCES INC.
(Exact name of Registrant as specified in its Charter)



Delaware
(State or other jurisdiction of
incorporation or organization)
1-32158
(Commission File
Number)
33-0464753
(I.R.S. Employer
Identification No.)


#200, 625 – 4 Avenue S.W.
Calgary, Alberta, Canada    T2P 0K2
(Address of principal executive offices)


Telephone Number (403) 777-9250
(Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


(Former name or address, if changed since last report)



 
 

 

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Election of Director
Effective June 8, 2012, as permitted by our By-Laws and pursuant to Section 4.10 of the Securities Purchase and Exchange Agreement, dated November 21, 2011, by and between the Company and the Israel Land Development Company – Energy Ltd. (“ILDE”), as filed with the Securities and Exchange Commission (the “SEC”) with our Current Report on Form 8-K on November 23, 2011 (the “November Current Report”), our Board of Directors (the “Board”) elected Mr. Eli Cohen to the Board. Mr. Cohen is the Executive Vice President of Israel Land Development Company (“ILDC”).
 
ILDC is a public company with its shares listed on the Tel Aviv Stock Exchange.  ILDC is engaged in various activities through its subsidiaries. ILDC is divided into five core segments: real estate, where ILDC leases, manages and initiates income generating properties in Israel, Canada and Poland; construction for residential purposes, the promotion, management and sale of apartments in Israel, Poland and Romania; press, where ILDC publishes the daily Maariv, a chain of local newspapers and various magazines as well as the operation of an Internet Website, www.nrg.co.il; billboards, where ILDC provides outdoor advertising services in print and electronic media, and hotels, where ILDC owns and manages the Rimonim chain of hotels throughout Israel. Through its wholly owned subsidiary, ILDE, ILDC engages in exploration of oil and gas and holds a 41.57% participating interest in the Company’s two Israeli licenses, known as the (347) Myra and (348) Sara licenses, in which the Company holds a 5% participating interest and is the operator.
 
On a fully diluted basis, Mr. Cohen owns 2.37% of ILDE in equity and voting rights. He does not have any holdings in ILDC.
 
Mr. Cohen will serve on the Board until our next annual meeting of stockholders and until the election and qualification of his successor. Mr. Cohen will not serve on any of the Committees of the Board.
 
Pursuant to the terms of our 2008 Stock Incentive Plan, under the Automatic Option Grant Program provisions of the Plan and as a non-employee member of our Board, Mr. Cohen has been granted an option to purchase 50,000 shares of our common stock exercisable at a price of $0.21 per share, the close of market price on  June 8, 2012.

Item 8.01.                      Other Events.
 
On June 11, 2012, GeoGlobal Resources Inc. issued a press release announcing the expansion of the Board of Directors to six members and the election of Mr. Cohen to the Board.  The press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
 

Item 9.01.                      Financial Statements and Exhibits.

(d) Exhibits.
Exhibit Number
Description
99.1
Press Release of GeoGlobal Resources Inc. dated June 11, 2012.
   


 
 

 

SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated:  June 12, 2012

GEOGLOBAL RESOURCES INC.
(Registrant)






/s/ Paul B. Miller
Paul B. Miller
President and CEO


 
 

 

EXHIBIT INDEX



Exhibit Number
Description
99.1
Press Release of GeoGlobal Resources Inc. dated June 11, 2012.
   


 
 

 




EX-99.1 2 exhbt991.htm NEWS RELEASE exhbt991.htm
 
 

 

EXHIBIT 99.1
GEOGLOBAL ANNOUNCES ELECTION OF A NEW DIRECTOR

Calgary, Alberta, Canada, June 11, 2012 – GeoGlobal Resources Inc. (“GeoGlobal” or the “Company”) (NYSE: GGR) announced earlier today that it has expanded its Board of Directors to six persons following the appointment of Mr. Eli Cohen.
 
Mr. Cohen has served as Executive Vice President of the Israel Land Development Company (“ILDC”) since July 2009. From July 2007 to July 2009, he was ILDC’s Vice President of Investment and Business Development. Prior to joining ILDC, he was the head of the Corporate Division with Standard and Poor’s Israel (Maalot). Mr. Cohen currently holds and has held directorships within both private and publicly traded companies such as: Ma’arriv-Modi’in Publishing House Ltd., Israel Land Development Malls and Shopping Centers Ltd., Optima Promotions and Investment Management 66 Ltd., The Israel Land Development Company – Utilities, Ltd., The Israel Land Development Company – National Treasures Ltd., Emanuelle Energy Ltd., Arielle Gas and Oil Explorations Ltd., ILDC, Ma’arriv Holdings Ltd., Israel Land Development Hotels Ltd., and Rapid Vision Ltd. Mr. Cohen has a Master of Science – Business Administration, majoring in Finance and Accounting from Tel Aviv University, a Bachelor of Arts in Accounting from Tel Aviv University, and a Bachelor of Arts in Economics and Management from Open University. Mr. Cohen is also a Certified Public Accountant.

“Eli Cohen has extensive business and financial experiences complimented with specific regional expertise,” said David D. Conklin, Chairman of GeoGlobal.  “His guidance will be invaluable as we prepare to drill the first of two wells on the Myra and Sara licenses.”


 
About GeoGlobal
GeoGlobal Resources Inc., headquartered in Calgary, Alberta, Canada, is a U.S. publicly traded oil and gas company, which, through its subsidiaries, is engaged in the pursuit of petroleum and natural gas in high potential exploration targets through exploration and development in India, Israel and Colombia.
 
Cautionary Statement For Purposes Of The “Safe Harbor” Provisions Of The Private Securities Litigation Reform Act Of 1995
 
This press release may contain statements which constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs and current expectations of GeoGlobal Resources Inc., its directors, or its officers with respect to the oil and gas exploration, development and drilling activities being conducted and intended to be conducted and the outcome of those activities on the exploration blocks in which the Company has an interest. The company updates forward-looking information related to operations, production and capital spending on a quarterly basis and updates reserves, if any, on an annual basis.
 
We caution you that various risk factors accompany our forward-looking statements and are described, among other places, under the caption “Risk Factors” in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K.  These risk factors could cause our operating results, financial condition and ability to fulfill our plans to differ materially from those expressed in any forward-looking statements made in this press release and could adversely affect our financial condition and our ability to pursue our business strategy and plans. If our plans fail to materialize, your investment will be in jeopardy.
 

 
 

 


An investment in shares of our common stock involves a high degree of risk. Our periodic reports we file with the Securities and Exchange Commission and Canadian provincial authorities may be viewed at http://www.sec.gov and www.sedar.com.
 
GeoGlobal Resources Inc.
www.geoglobal.com
KM Investor Relations Ltd.
www.km-ir.co.il
Paul B. Miller, President and CEO
Patty Lew-Lapointe, Investor Relations
Moran Meir-Beres       
 
Phone: +1 403 777-9250
Email: info@geoglobal.com
Phone: +011 972-3-5167620
E-mail: moran@km-ir.co.il
   
The Equicom Group
 
Dave Feick, Managing Director,
Western Canada
 
Phone: +1 403 218-2839
Email: dfeick@equicomgroup.com
 




 
 

 

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