Blue Earth Resources, Inc. (OTCPINK: BERI) today announced completion of a 1-for-20 reverse stock split of all its outstanding shares of common stock as part of its effort to improve its capitalization structure and market appeal to investors.
This reverse stock split will be effective with FINRA on July 17, 2013, after which our common stock will trade for 20 days on a post-split basis under the temporary symbol ?BERID?, with the ?D? added to signify that the reverse stock split has occurred.
As a consequence of this reverse stock split, every 20 shares of common stock of the Company
will be combined into one share of common stock. After giving effect to this transaction, the number of shares of outstanding common stock of the Company will be reduced to 2,955,064.
About Blue Earth Resources Inc.:
Blue Earth Resources Inc. is trading on the OTCPINK under the symbol BERI. The Company is an independent oil and gas company engaged in the acquisition, development and production of oil and natural gas reserves. The Company seeks to deliver strong shareholder returns through an effective exploration and development program that incorporates sound business practices with the strong experience of our management team. The goal is to steadily increase proven reserves of oil and natural gas ? which, in turn, will lead to enhanced cash flows and earnings per share
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 fore-going 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.
Source: Blue Earth Resources Inc.
Sector: Oil & Gas
Blue Earth Resources Inc. Contact:
John Lai
952-838-3838
Email: jlai@blueearthresources.com