GeoMet, Inc. Announces Instruction to Remove Restrictive Legends on Shares of Restricted Common Stock
Houston, Texas – February 1, 2008 – GeoMet, Inc. (NASDAQ: GMET) announced today that it has provided instructions to its transfer agent, American Stock Transfer & Trust Company ("AST"), to allow non-affiliate holders of its restricted common stock purchased in the Company’s private placement completed in January 2006 to remove the restrictive legends from these shares in connection with their sale. The restrictive legends apply to the Company’s restricted common stock under CUSIP number 37250U102.
In connection with these instructions to AST, all shares of common stock privately placed in January 2006 can be sold under Rule 144(k), as promulgated under the Securities Act of 1933. As a result, the Company will no longer maintain its Registration Statement No. 333-131716.
Any sales of restricted common stock should be coordinated through AST, 59 Maiden Lane, New York, NY 10038, and telephone number (877) 777-0800.
GeoMet, Inc. is an independent energy company primarily engaged in the exploration for and development and production of natural gas from coal seams. Our principal operations and producing properties are located in the Cahaba Basin in Alabama and the Central Appalachian Basin in West Virginia and Virginia. We also control additional coalbed methane and oil and gas development rights, principally in Alabama, British Columbia, Virginia, and West Virginia.
For more information please contact Stephen M. Smith at (713) 287-2251 or email@example.com or visit our website at www.geometinc.com.