LIMA, Peru--(BUSINESS WIRE)--The Graystone Company (OTCQB: GYST) announced today it has successfully drilled its first well in Kansas. Paul Howarth, CEO of Graystone, stated, "Following the successful completion of this initial well, we expect to drill and test additional wells in the area. The acquisition and secondary recovery and drilling in these strategic Kansas oilfields is a great opportunity for the Company. The acquisition of the oil and gas allows the company to diversify our holdings of natural resource properties."
The Company also announced that the Company's Annual General Meeting is scheduled for October 3, 2012. The Company will be filing a Pre-14C with the United States Securities and Exchange Commission in the next week regarding the matters to be voted on at the meeting. If any shareholder has any questions or issues that they would like to be discussed at the meeting please email us the questions at info@graystonemining.com.
About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold. The Company sells gold and silver to retail buyers via www.graystonegold.com.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.