GeoPetro Resources Company announced that it expects to receive $1.90 million in funding.
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.