WILMINGTON, NC — (Marketwire) — 08/30/11 — Global Earth Energy, Inc. (OTCBB: GLER) (PINKSHEETS: GLER) (OTCQB: GLER) announced today that its partially owned Canadian company has entered into a Memorandum of Understanding with ARG Vermogensverwaltung AG (“ARG”), a German wealth management company, for facilitating a financing of approximately $12.5 million. The transaction will be a private placement via a delivery versus payment. This in effect will be bridge financing for various acquisitions. GLER, which is a part equity owner of Canadian Global Earth Natural Resources, Inc., will benefit from the financing based on its partial ownership.
This press release regarding the memorandum of understanding is not used for the purpose of conditioning the market in the United States for any of the securities offered. In addition, the securities offered will not be or have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The offering of the securities offered has been made by Global Earth Natural Resources, Inc. for the purpose of raising funds to further its jointly owned operations and other suitable projects of Global Earth Natural Resources, Inc.
Any securities issued to ARG by Global Earth Natural Resources, Inc. will bear the following legend:
THE SECURITIES REPRESENTED BY THIS INSTRUMENT OR DOCUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAW OF ANY STATE. WITHOUT SUCH REGISTRATION, SUCH SECURITIES MAY NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT UPON DELIVERY TO THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED FOR SUCH TRANSFER OR THE SUBMISSION TO THE COMPANY OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO THE COMPANY TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE SECURITIES ACT OF 1933, AS AMENDED, THE SECURITIES LAW OF ANY STATE, OR ANY RULE OR REGULATION PROMULGATED THEREUNDER.
About Global Earth Energy, Inc.
Global Earth Energy, Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with solutions providers.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipates” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Certain risks are detailed in the Company–s Form 10-K and other periodic filings with the Securities Exchange Commission at . This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
CONTACT:
Global Earth Energy
Tel: 910-509-7232