GeoGlobal Resources (India) Inc. was formed to enter into a Joint Bidding Agreement with Gujarat State Petroleum Corporation Limited for the purpose of submitting a bid for the KG Offshore Block in India known as KG-OSN-2001/3 (KG Offshore Block).
On August 29, 2003, all of the issued and outstanding shares of GeoGlobal Resources (India) Inc. were acquired by way of a reverse takeover by Suite101.com, Inc., a Delaware company publicly trading on the OTCBB in the United States. This transaction was considered an acquisition of GeoGlobal Resources Inc. (the accounting subsidiary and legal parent) by GeoGlobal Resources (India) Inc. (the accounting parent and legal subsidiary) and was accounted for as a purchase of the net assets of GeoGlobal Resources Inc. by GeoGlobal Resources (India) Inc. As a consequence of this transaction, a change in control of our company was deemed to have occurred.
Prior to August 29, 2003 through late 2001, we were engaged in the creation, operation and maintenance of a World Wide Web-based community, known as Suite101.com, Inc. At the end of 2001, management at that time determined to redirect activities and by mid-2002, the company was no longer engaged in the former Web-based activities.
We are a corporation organized under the laws of the State of Delaware in December 1993. From December 1998 to January 2004 the corporate name was Suite101.com, Inc. At a meeting held January 8, 2004 the stockholders approved an amendment to our Certificate of Incorporation to change our corporate name to GeoGlobal Resources Inc. Therefore on February 2, 2004 Suite101.com, Inc. changed its name to GeoGlobal Resources Inc.
Effective May 6, 2004, GeoGlobal Resources Inc. was approved for listing on the Amex Exchange with a trading symbol of "GGR". Prior to May 6, 2004, our stock traded on the OTC Bulletin Board under the trading symbol GEOG (for the period February 2, 2004 to May 5, 2004) and under the symbol BOWG (for the period prior to February 2, 2004).