Maston N. Cunningham, President and CEO stated, "Tri-Valley has completed arrangements for the transition of its common stock to be quoted and traded on the OTCQB(TM) Marketplace. We believe that the transition to the OTCQB(TM) Marketplace will reduce costs and will allow for a continued orderly trading market for Tri-Valley's common stock as we continue to review our liquidity position and strategic alternatives and objectives."
The transition to the OTCQB(TM) Marketplace does not change Tri-Valley's obligation to file periodic and other reports with the Securities and Exchange Commission under applicable federal securities laws. In addition, the transition of Tri-Valley's stock to the OTCQB(TM) Marketplace will have no effect on the shares themselves.
OTC Markets Group Inc. operates the world's largest electronicmarketplace for broker-dealers to trade unlisted stocks, including the OTCQB(TM) Marketplace. Investors will be able to view the Real Time Level II stock quote, which provides detailed quote information by broker-dealers, for Tri-Valley at www.otcmarkets.com under the ticker symbol "TVLY".
About Tri-Valley Corporation
Tri-Valley Corporation explores for and produces oil and natural gas in California and has two exploration-stage gold properties in Alaska. Tri-Valley is incorporated in Delaware and our Company website, which includes all SEC filings, is www.tri-valleycorp.com.
Special Note Regarding Forward-Looking Statements
All statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "hope," "intends," "may," "plans," "potential," or "predicts," or the negative of these terms or other comparable terminology. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. These statements are only predictions based on management's expectations as of the date of this press release, and involve known and unknown risks, uncertainties and other factors, including: our ability to obtain additional, immediate funding; the outcome of an ongoing investigation by the staff of the SEC; fluctuations in oil and natural gas prices; imprecise estimates of oil reserves; drilling hazards such as equipment failures, fires, explosions, blow-outs, and pipe failure; shortages or delays in the delivery of drilling rigs and other equipment; problems in delivery to market; adverse weather conditions; compliance with governmental and regulatory requirements; geographical concentration of oil and gas reserves in the State of California; changes in, or inability to enter into or maintain, strategic and joint venture partnerships; pending and threatened lawsuits against us; potential rescission rights stemming from our potential violation of Section 5 of the Securities Act of 1933; our ability to consummate the OPUS restructuring transaction or otherwise resolve certain issues relating to OPUS; and such other risks and factors that are discussed in greater detail in our filings with the Securities and Exchange Commission from time to time, including under "Part I, Item 1A. Risk Factors" and "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," contained in Tri-Valley's Annual Report on Form 10-K for the year ended December 31, 2011, and under "Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations," contained in Tri-Valley's Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. Except as required by law, Tri-Valley undertakes no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform such statements to actual results or to reflect events or circumstances occurring after the date of this press release.
Company Contact: Maston N. Cunningham President & CEO (661) 864-0500 inquiry@tri-valleycorp.com ###