WILMINGTON, NC — (Marketwire) — 08/15/11 — Global Earth Energy, Inc. (OTCBB: GLER) (PINKSHEETS: GLER) (OTCQB: GLER) announced, along with its joint venture partner Modern Coal, LLC, a Texas major contract mining company, that they will complete the acquisition of Samuel Coal, Inc. by September 6, 2011 or sooner. Details for full production of site production are being coordinated with local resources under the supervision of the joint venture and Samuel Coal. The CEOs of Modern Coal, GLER, and Samuel Coal stated that they are very pleased with the progress of the closing process.
Due to the abundance of resources on the Samuel Coal properties, the joint venture is currently ramping up to move forward with multiple letters of intent already in place. The mines are located on approximately 5,000 acres near Hindman in the eastern part of Kentucky. ()
Further information can be found on Global Earth–s website, along with previous news release involving Samuel Coal.
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