CanArgo Lists on the American Stock Exchange.Business Editors NEW YORK--(BUSINESS WIRE)--April 21, 2004 CanArgo Energy Corporation (AMEX AMEX See: American Stock Exchange : CNR See riser card. CNR - Communication and Network Riser ) (OSE OSE - Open Systems Environment : CNR) announced today that it has listed its common stock on The American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX) under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CNR. "We are pleased to welcome CanArgo to the growing number of innovative energy companies listed on the American Stock Exchange," said John McGonegal, senior vice president of the Amex Equities Group. "We look forward to working with CanArgo and building strong relationships within the investment community to enhance their innovation and success." Dr. David Robson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CanArgo said, "We are delighted to be listing on the American Stock Exchange. This will bring CanArgo increased visibility and credibility and I am confident it will provide a broader market for our stock as well as assisting greatly in accessing the international capital markets. I look forward to a long and fruitful relationship with the Exchange." The specialist in CanArgo Energy Corporation will be Weiskopf, Silver & Co. For further information on CNR and other Amex-listed companies, please visit www.amex.com. CanArgo is an independent oil and gas exploration and production company with its oil and gas operations currently located in the Republic of Georgia and the Caspian area. Further information on the Company is available at www.canargo.com and at http://www.sec.gov. The matters discussed in this press release include forward looking statements, which are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward looking statements. Such risks, uncertainties and other factors include the uncertainties inherent in oil and gas development and production activities, the effect of actions by third parties including government officials, fluctuations in world oil prices and other risks detailed in the Company's reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission. The forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are intended to help shareholders and others assess the Company's business prospects and should be considered together with all information available. They are made in reliance upon the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company cannot give assurance that the results will be attained. |
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