Published: May 04, 2008
Geo Genesis Group Limited proposes to arrange Buyback of Investor Victus Capital LLC
NEW YORK (EWORLDWIRE) May 4, 2008
Geo Genesis Group Limited ("Geo Genesis" or the "Company") , an emerging markets advisory and investment company, announces that it has proposed to investor Victus Capital LLC ("Victus") to arrange for purchase of common shares (2,307,692 shares) and warrants (575,000 Class C warrants with a 45 pence strike price) held by Victus.
Geo Genesis is engaged in negotiations with Victus, as a result of a disagreement on the terms of its understandings with Victus and it hopes to amicably conclude such negotiations in short order. The Company also reserve the right to require, as part of any agreement it may reach with Victus, the cancellation of its Right of First Refusal Agreement ('the Agreement") with H.C. Wainwright, a sister company to Victus and a member of FINRA, the self regulatory organization for registered U.S. brokers as well as further demand to receive consideration for warrants and options granted in connection with the Agreement.
For further information visit 'http://www.geogenesisgroup.com' or contact:
Roger Bendelac, CEO Geo Genesis Group Limited Tel: +1 (917) 969 5475
Marc Koplik, Non-Executive Chairman Tel. + 1 (212) 953 1010
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Mr. ROGER BENDELAC
CEO
GEO GENESiS GROUP LTD.
New York, NY, 10170
USA
9179695475 (phone)
2122023971 (fax)
rbendelac1@yahoo.com