GeoMet Announces Record Date for Special Meeting in Connection with Asset Sale
Houston, Texas – March 25, 2013 - GeoMet, Inc. (OTCQB: GMET NASDAQ: GMETP) (the “Company”) announced today that it has established the close of business on March 26, 2014 as the record date (the “Record Date”) for its special meeting of stockholders to consider and vote on the Company’s sale of substantially all of its assets to ARP Mountaineer Production, LLC, a wholly-owned subsidiary of Atlas Resource Partners, L.P., a Delaware limited partnership (the “Asset Sale”), pursuant to the previously announced Asset Purchase Agreement dated February 13, 2014.
Only stockholders of record on the Record Date will be entitled to notice of, and to vote at, the special meeting. The Company expects to hold the special meeting on May 5, 2014 at 10:00 a.m., Houston time, in the San Jacinto Room at 2 Houston Center, located at 909 Fannin St., Level P2, Houston, Texas 77010.
This communication is neither a solicitation of a proxy nor an offer to purchase nor a solicitation of an offer to sell any securities. This communication is also not a substitute for any proxy statement or other filings that may be made with the Securities Exchange Commission (the “SEC”) with respect to the Asset Sale. Approval of the Asset Sale will be submitted to the Company’s stockholders for their consideration, and the Company will file a definitive proxy statement to be used to solicit stockholder approval of the transaction with the SEC. The Company’s stockholders are urged to read the definitive proxy statement regarding the transaction when it becomes available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information. A free copy of the definitive proxy statement, as well as other filings with the SEC containing information about the Company and the transaction may be obtained, when available, at the SEC’s website at www.sec.gov. Copies of the definitive proxy statement may also be obtained, when available, without charge, by directing a request to GeoMet, Inc., Investor Relations, 909 Fannin St., Suite 1850, Houston, Texas 77010 or at the Company’s Investor Relations page on its corporate website at www.geometinc.com. The Company, its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in connection with the approval of the transaction.
About GeoMet, Inc.
GeoMet, Inc. is an independent energy company primarily engaged in the development and production of natural gas from coal seams (“coalbed methane”). Our operations and producing properties are located in Virginia and West Virginia. We also control non-producing coalbed methane rights, principally in Virginia, and West Virginia.
For more information please contact Stephen M. Smith at (713) 287-2251 (firstname.lastname@example.org), or visit our website at www.geometinc.com.