Blue Earth Resources Announces Private Placement
July 30 2014 - 6:00AM
Access Wire
Inver Grove Heights, MN / ACCESSWIRE / July 30, 2014 / Blue
Earth Resources, Inc. (the "Company") (OTC Pink: BERI), an oil and
gas exploration, development and production company is pleased to
announce the closing of a non-brokered financing in the form of a
private placement.
Proceeds from the private placement will be used for the
continued infrastructure enhancements and development of Blue Earth
Resources assets and acquisition opportunities. Management has
forecasted the re-stimulation of 16 existing wells by the end of
August, 2014, located in De Soto Parish, Louisiana, and Claiborne
Parish, Louisiana.
"With the receipt of these funds, we now have the resources at
hand to accelerate our ongoing work over program. We will
continue to seek and focus on acquisition opportunities that
complement our existing properties and offer increased shareholder
value through additional drilling locations and reserves," said
John Lai, President.
About Blue Earth Resources, Inc.
Blue Earth Resources, Inc. headquartered in Inver Grove Heights,
Minnesota, is a growth-oriented oil and gas Exploration and
Production (E&P) company with a focus on growing reserves and
net asset value per share, through the development and enhancement
of oil and gas properties as well as developmental drilling
opportunities.
Forward-Looking Statements:
The foregoing material may contain forward-looking statements.
We caution that such statements may be subject to uncertainties and
that actual results could differ materially from the
forward-looking statements. Readers accordingly should not place
undue reliance on these forward-looking statements, which do not
reflect unknown or unanticipated events or circumstances occurring
after the date of these forward-looking statements.
Contact:
Blue Earth Resources Inc.
John Lai
952-838-3838
Email: info@blueearthresources.com
SOURCE: Blue Earth Resources Inc.
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