On November 12, 2021, we issued and sold 1,000,000 shares of our common stock in a private transaction exempt from registration under the Securities Act of 1933, as amended, in reliance on exemptions provided by Section 4(a)(2) and Rule 506(b) of Regulation D promulgated thereunder. The purchaser was an accredited or otherwise sophisticated investor who had access to business and financial information on our company. The sale of common stock resulted in $100,000 in net proceeds to us and we did not pay any commissions or finder's fees in connection with the transaction. The proceeds from the sale will be used for working capital.
BERI Closes Private Placement of Common Stock
Blue Earth Resources, Inc. on 6ix
Earlier from Blue Earth Resources
- Blue Earth Resources, Inc. Enters Into Braded Licensing Agreement with Gulf Oil LP
- BERI Closes Two Private Placements of Its Common Stock
- Blue Earth Resources Announces Initial Results From Workover at Hunter Mannies
- Blue Earth Resources, Inc. Announces Operational Update in Anticipation of Continued Growth
- Blue Earth Resources, Inc. Updates Shareholders on Production Progress
Later from Blue Earth Resources
- BERI Closes Multiple Private Placements of Its Common Stock
- Blue Earth Resources Reports Third Quarter Results and Provides Strategic Update
- Blue Earth Resources Files License Applications for Fuel Sales in Texas, Louisiana, and Arkansas
- Blue Earth Resources Launches BluePetro Branded Fuel Offering for Southeast U.S. Convenience Stores
- Blue Earth Resources Enters Branded Jobber Contract with BP Amoco
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