News for 'RCKE' - (Rock Energy CEO Acquires 2,500,000 Shares of Company)
HOUSTON, Jan 19, 2012 (BUSINESS WIRE) -- Rock Energy Resources, Inc. (symbol:
"RCKE.PK") announced today that Rocky V. Emery, the Company's Chairman and CEO,
exercised stock options to acquire 2,500,000 restricted common s! hares of the
Company. The stock options were granted in 2009 at the strike price of $.16 per
share, and were exercisable through May 9, 2014.
Rocky Emery, Chairman and CEO of RCKE, stated, "I have chosen to exercise these
options at this time because I believe in the over-all strength of our Company.
We are ahead of schedule on all phases at the mine, and have the capital in
place to fully fund our business activities for the next 2-3 years. I am also
pleased with the progress of our management team and outside professionals,
preparing our Company's financial statements and disclosures, basically, well
ahead of schedule. We look forward to keeping our shareholders and the market
current with all of our activities as we move forward."
Cautionary Statements
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS:
This Web site and press release contains information, including statements as to
the Compa! ny's future financial or operating performance, that constitute
"fo rward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended, which statements are intended to be covered by the safe harbor
created by such sections and other applicable laws. All statements, other than
statements of historical fact, are forward-looking statements. The words
"believe", "expect", "anticipate", "contemplate", "target", "plan", "intends",
"continue", "budget", "estimate", "may", "will", "schedule" and similar
expressions identify forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by the Company, are inherently subject to significant
business, economic and competitive uncertainties and contingencies. Known and
unknown factors could cause actual results to differ materially from those
projected in the forward-looking s! tatements. Such forward-looking statements
include, without limitation: (i) estimates of future mineral production, results
and sales; (ii) estimates of future costs applicable to sales, other expenses
and taxes, for specific operations and on a consolidated basis; (iii) estimates
of future capital expenditures, construction, production or closure activities;
(iv) statements regarding future exploration potential, asset potential,
potential resource expansion and targeted production; (v) estimates and
expectations regarding reserves, nonreserve mineralization and potential ounces;
(vi) statements regarding fluctuations in capital and currency markets; (vii)
statements regarding potential cost savings, productivity, operating
performance, and cost structure; (viii) expectations regarding the development,
growth, mine life, production and costs applicable to sales and exploration
potential of the Company's projects; and (ix) expectations re! garding the impacts
of operating technical or geotechnical issues i n connection with the Company's
projects or operations. Estimates or expectations of future events or results
are based upon certain assumptions, which may prove to be incorrect. Such
assumptions, include, but are not limited to: (i) there being no significant
change to current geotechnical, metallurgical, hydrological and other physical
conditions; (ii) permitting, development, operations and expansion of the
Company's projects being consistent with current expectations and mine plans;
(iii) certain price assumptions for gold, copper and oil; (iv) certain effective
tax rate assumptions (v) prices for key supplies being approximately consistent
with current levels; and (vi) the accuracy of our current mineral reserve and
mineral resource estimates. Where the Company expresses or implies an
expectation or belief as to future events or results, such expectation or belief
is expressed in good faith and believed to have a reasonable basis. How! ever,
forward-looking statements are subject to risks, uncertainties and other
factors, which could cause actual results to differ materially from future
results expressed, projected or implied by such forward-looking statements. Such
risks include, but are not limited to, gold and other metals price volatility,
currency fluctuations, increased production costs and variances in ore grade or
recovery rates from those assumed in mining plans, political and operational
risks in the jurisdiction in which we operate, changes in governmental
regulation, including taxation, environmental, permitting and other regulations,
and judicial outcomes The Company does not undertake any obligation to release
publicly revisions to any "forward-looking statement," to reflect events or
circumstances after the date of publication, or to reflect the occurrence of
unanticipated events, except as may be required under applicable securities
laws.
SOURC! E: Rock Energy Resources, Inc.
CONTACT: &nbs p;
Rocky V Emery Chairman & CEO
Rock Energy Resources, Inc.
Managing Member American Patriot Gold
2607 Sara Ridge
Katy, Texas 77450
www.americanpatriotgold.com
Remery@americanpatriotgold.com
O: 832-301-5968
C: 832-691-7991
Copyright Business Wire 2012
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KEYWORD: United States
North America
Texas
INDUSTRY KEYWORD: Natural Resources
Mining/Minerals
