GeoPetro Resources Company (AMEX:GPR) announced a private placement of upto 19,000,000 units at a minimum price of $0.10 per unit for gross proceeds of $1,900,000 on February 28, 2013. Each unit will consist of one common share and one-half of one warrant. The company is under an obligation to close the transaction on or before March 29, 2013.

In February 2013, the company announced that it has issued 1,225,000 units for gross proceeds of $122,500. The transaction included participation from institutional and individual accredited investors.

In March 2013, the company announced that it has issued 500,000 units for gross proceeds of $50,000.

On April 4, 2013, the company announced that the transaction will now close on or before May 31, 2013.