GeoPetro Resources Company (AMEX:GPR) announced a private placement with certain institutional and individual accredited investors of 3,650,000 units at $0.10 per unit for gross proceeds of $365,000 on February 15, 2013. Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant will have an exercise price of $0.50 for a period of three years. The securities will be issued pursuant to Regulation D.

On February 15, 2013, GeoPetro Resources Company closed the transaction.