GeoMet, Inc. Announces Distribution of 1.75M Shares by Investor

GeoMet, Inc. GMET announced today that it was advised by Yorktown Energy Partners IV, L.P., an early investor in GeoMet, that it distributed 1,750,000 shares of GeoMet common stock to its limited and general partners after the market closed on May 12, 2011. This is the third distribution of common shares Yorktown Energy has made to its limited and general partners, and the first since August, 2008. Following the distribution of these shares, Yorktown Energy holds approximately 17% of the Company's common shares, assuming conversion of the Company's Series A Convertible Redeemable Preferred Stock.