BluePlanet Environmental Inc.: BLUE PLANET ENVIRONMENTAL COMPLETES THE SECOND TRANCHE OF PRIVATE EQUITY FINANCING
(firmenpresse) - BluePlanet Environmental Inc. / Key word(s): Environment/
BluePlanet Environmental Inc.: BLUE PLANET ENVIRONMENTAL COMPLETES THE
SECOND TRANCHE OF PRIVATE EQUITY FINANCING
DGAP-Media / 12.06.2012 / 22:52
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Blue Planet Environmental Inc. (FWK, Stock Symbol- 9BP) entered into a
Stock Purchase Agreement (the 'SPA') on December 2, 2011 with BPE Marketing
Services LLC ('BPE') providing for an equity investment of up to
$3,000,000 USD (Three Million USD). Blue Planet Environmental also signed
an exclusive world-wide Marketing Services Agreement with BPE, as of the
same date, covering the distribution and licensing of Blue Planet
Environmental's commercial technology and products.
Pursuant to the SPA, BPE made the initial investment of $500,000 USD upon
the execution of the agreement. The SPA further provided for additional
investments of at least $500,000 USD on the 6th, 9th and 12th month
anniversaries of the SPA's execution.
Blue Planet Environmental is pleased to announce that the second tranche
closed on June 6, 2012 with the receipt of $500,000 USD, and the issuance
of 2,595,757 common shares of Blue Planet Environmental Inc.
Blue Planet Environmental Inc. was represented in this matter by Minden
Gross LLP of Toronto, Ontario; BPE Marketing Services LLP was represented
by the New York office of Seyfarth&Shaw LLP.
The proceeds of the equity investment will be used to execute the next
phase of Blue Planet's strategic plan that was developed by BPE and Blue
Planet Environmental to maximize the commercialization of products and
processes utilizing nano-bubble gas infusion technology. The strategic plan
will place major emphasis on aquaculture, aquaponics, and commercial
greenhouse applications in the United States, Canada, and Central America.
FORWARD-LOOKING SAFE-HARBOUR STATEMENT
A number of statements contained in this press release are forward-looking
statements. These forward-looking statements involve a number of risks and
uncertainties, including the timely development, and market acceptance
conditions, successful integration of acquisitions and the ability to
secure additional sources of financing. The actual results that Blue Planet
Environmental Inc. (9BP) may achieve could differ materially from any
forward-looking statements due to such risks and uncertainties.
End of Media Release
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173717 12.06.2012
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Datum: 12.06.2012 - 22:52 Uhr
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