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Global Earth Energy, Inc. Announces Extension of Memorandum of Understanding to Invest by LB Tim Co., Ltd. of South Korea
Global Earth Energy (USOTC:GLER)
Intraday Stock Chart
Today : Friday 1 April 2011
Global Earth Energy, Inc. (OTCQB: GLER) (PINKSHEETS: GLER) announced today, as permitted by Rule 135(c) of the Securities Act of 1933, as amended, it has executed an extension of the memorandum of understanding with LB Tim Co., Ltd. of South Korea for the sale of $100,000,000.00 of Global Earth Energy's Series A convertible preferred stock, which was originally announced on January 25, 2011. The sale of the shares was originally expected to close within 45 to 60 days from January 25, 2011. However, the extension was made necessary due to the fact that Global Earth Energy has been delayed in refining the terms of the proposed offering, the terms of which were finalized on March 22, 2011, by the inclusion of a trustee and backup servicer, structuring agent, use of proceeds, and a placement agent, which will offer the shares on behalf of Global Earth Energy. In addition, the proposed offering has been changed to be a Regulation S offering as promulgated under the Securities Act of 1933, as amended.
Syd Harland, CEO of Global Earth Energy, said "The closing of the proposed sale of $100 million of our Series A convertible preferred stock will be a great boon to Global Earth Energy. This will enable us, by expending approximately $65 million to acquire approximately $240 million of life insurance portfolios that are expected to generate future revenue to our shareholders. The remainder of the approximately $35 million in invested funds is expected to assist us with our Reflora joint venture and other suitable investments. Further details of on our joint ventures with LifeCycle and Reflora have already been posted on our website."
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 will be made by a placement agent on behalf of Global Earth Energy for the purpose of raising funds to further the joint venture operations of the Global Earth Energy and other suitable projects of Global Earth Energy.
Any securities issued to LB Tim Co., Ltd. will bear the following legend:
THE SECURITIES REPRESENTED BY THIS INSTRUMENT OR DOCUMENT HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAW OF ANY STATE OF THE UNITED STATES OR FOREIGN JURISDICTION. THE TRANSFER OF THESE SECURITIES IS PROHIBITED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.
About LB TIM CO. LTD.:
A global financial consulting firm that combines skill sets and experience unparalleled in the primary markets we serve with rigorous research and analysis. LB Tim provides merger and acquisition, and strategic capital consulting services. LB Tim assists companies in obtaining financing through institutional placements of debt, mezzanine capital and equity. LB Tim assists businesses in financial difficulty or operating under the protection of a bankruptcy court. LB Tim has strategic relationships with investment banking, corporate restructuring and crisis management firms enabling us, where needed, to deliver comprehensive solutions to our clients. LB Tim has potential to arrange more than a billion dollars in various types of finance for the prospective projects.
LB Tim's personnel and associates have been involved in the major M&As for major real estate companies, major hotels, major IT companies, major department stores and etc. LB Tim has acted as third-party consultants for shipping banks and law firms engaged in corporate restructuring and M&A activity. Due diligence has included expert witness work, maritime project risk assessment, corporate appraisals, technical surveys of assets and valuations.
LB Tim has significant experience in financing for M&A and the prospective projects and brings an unparalleled range of skill sets to various areas.
About Global Earth Energy, Inc.
Global Earth Energy provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.
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 www.sec.gov. 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:
Sydney A. Harland
CEO
Global Earth Energy, Inc.
Tel: 910-270-7749
www.globalearthenergy.com
Orders at .0014 going in now but i still see .0013 at ask
I think it is....just not enough momentum.
Hey you never know. Another pick been sitting at .0009 since last year, never moved until last week. sitting at .03. Why? absolutely no reason, just folks buying in and selling.
picked up a few more
Will this ever move again?
Agreed. Boards been kinda quiet lately. Still waiting for update im guessing
Received 3 alerts so far on this one
Agreed. Strangely i prefer it quiet without the other folks.
NITE could stay at the plate and bring 8's just dont sell to NITE
6's thinning.....need a lil more bid support imo
Ihub or ihub member's list.....can't remember deleted mail
Sup Board....got an alert email...picked up a few 4's
GLTA
Few weeks remain ..... counting....
.0014 soon
.0015's getting slammed ..... nice dip
The company also plans to make another major announcement this week.
I do hope its worth the wait
Those are alot of 5's. You think those are fake sells? Nite on both sides of plate
Seems like someone bought still trades going through
Whats all this vol? dilution?
wow....are there trades going through at all? if no
That should clear up the "Termination" part.
GLTA
No gap this morning...NITE at the plate EARLY. Lets see how this plays out
In some sense. We can buy all we want but if there is any "dilution", as other members are saying, it will remain here or fear off some to sell at a loss. Im not sure if the 9999999 are shares selling or being fed in so im just waiting for news/updates.
Selling at .0001 would be silly at this point. .0002 3x left and some say .0003's are thinner. This needs to stop gapping up for a proper uptick imo.
Any gap up with this amount of shares OS would bring that imo. Restructuring is needed here.
Has vol stopped?
Idk, just wish i can grab some shares .08-.15
Not to be negative but just it being Friday alone I wouldn't expect this to leave .0001 bid .0002 ask. If it gaps up like it did today, more selling will prolly occure imo.
Monday now is a differen't story looking at today's PR.
NEWS : Colorado Goldfields Inc.'s Management Projects 35 Acre LandAcquisition for Dry Stack Site Valued at $1 Million; Provides ""Backto the Stack - Part 2"" Insights; Colorado Goldfields to Attend 2011Elko Roundtable
Mar 3, 2011 08:01:02 (ET)
LAKEWOOD, CO, Mar 03, 2011 (MARKETWIRE via COMTEX) -- Colorado Goldfields Inc.'s (otcqb:CGFIA) (pinksheets:CGFIA) -- Company management announces today that it has entered into high-level negotiations to acquire 35 acres of highly accessible land in San Juan County for its dry stacking site. Based upon prevailing land values in the area, this acquisition has an estimated value of $1 million. "We expect this transaction to be extremely favorable to the Company," stated Stephen Guyer, CFO for Colorado Goldfields. "We couldn't ask for a better location and accessibility. This will be especially important for future reprocessing of tailings that are anticipated to include silver, copper, indium and tellurium," said Lee Rice, President and CEO of Colorado Goldfields.
Recent announcement of the use of dry stacking tailings has generated many shareholder and investor inquiries. In response to this high level of interest, the Company provides the following "Back to the Stack," commentary.
"Dry stacking of tailings was a fairly common practice some decades ago in the southwestern Colorado region, hence the phrase 'back to the stack,'" stated John Ferguson, Director of Operations for Colorado Goldfields. "This was due to extreme water shortages in the area of the mills. But even more important was the discovery that these dry stacked tailings could be easily transported and reprocessed for other metals still in the ore," stated Ferguson.
"In the late 1970s Rancher's Exploration transported dry stacked tailings owned by Vanadium Corporation of America from two of their Colorado mines, the Naturita and Monument Valley, to another site for reprocessing yielding uranium, vanadium, and other rare metals. Dry stacks became a kind of 'metals savings-bank' for the future. As demand for various metals increase, a Company could find themselves sitting on another form of 'gold mine,'" continued Ferguson.
Ferguson provides the following summary of why Colorado Goldfields' use of this technique has many advantages and adds value to the operation.
1. Water consumed in milling may be reduced 50-75% through the use of dry or paste stacking of tailings. This is extremely important since water resources are becoming scarce and regulation regarding water use more stringent.
2. Dry stacking offers far better control of the tailings in a harsh climate such as sub-alpine, desert, and high elevation areas like Silverton, Colorado. In the past there have been numerous failures of tailings impoundments due to harsh climatic conditions during both construction and operations.
3. Because there is no need for extensive dams to impound large quantities of water along with the tailings, the size of the disposal area can be reduced thereby reducing the footprint.
4. The risk of failure hazard is reduced. Because there is no impoundment of water -- only a contained pile of sand -- the potential for a spill of toxic or potential acid rock drainage into the water ways is eliminated. Even in the event of a large earthquake, which could conceivably cause the failure of a dam that would spill the contained water; a dry stacked pile would simply become a slump of sand.
5. When a dry stack of tailings is located on an impermeable membrane, there is almost no potential for minerals to leach into the ground water.
6. Final closure and reclamation is considerably easier and less expensive because capping and re-vegetation occurs as part of ongoing operations.
7. The reprocessing of dry stacked tailings at some time in the future is far easier than a conventional tailings pond. In other words, the dry stacks could become a metals savings-bank.
Colorado Goldfields has also been invited to attend the 2011 Elko Roundtable sponsored by Knight Piesold and Co., a premier international environmental engineering consulting firm. This year's topic is: High Density Tailings, Paste, and Filtered Tailings. Bryan Ulrich, Senior Vice President for Knight Piesold and Co, in his announcement echoed Colorado Goldfields when he said, "High density, paste and filtered tailings are used in many places throughout the world for various purposes, including above ground tailings disposal and underground backfilling. The practice is largely in its infancy in the western US, but there are several mining companies that are presently considering applications. We have invited colleagues who have various levels of experience with this topic, and practitioners from industry who have been or will be involved with this work."
Gold stocks
About Colorado Goldfields Inc. Colorado Goldfields Inc. (otcqb:CGFIA) ( http://www.cologold.com ) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf .
Notice regarding forward-looking statements This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as amended on March 3, 2008, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml . This press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Contact:
Investor Relations
Colorado Goldfields Inc.
866-579-9444 or 303-984-0524
http://www.cologold.com
SOURCE: Colorado Goldfields Inc.
still waiting 45-60 days (April since last PR) for more news regarding Uplisting. .014 , .0149, .015 on ask. Couple of flippers If there was sell off pps would be much lower imo. Bounce may happen soon.
GLTA
ETMM has yet to be moved after 400+ vol?
Why the high vol?
Notice the pattern? Sell, bash...price bounce...quiet...sell bash price bounce quiet
: ) money changer here. .018 already premarket
NEWS: Global Earth Energy Inc. Receives Executed Coal Contract From WinsInternational Valued at $100 Million
Feb 28, 2011 08:15:34 (ET)
WILMINGTON, NC, Feb 28, 2011 (MARKETWIRE via COMTEX) -- Global Earth Energy, Inc. (otcqb:GLER) (pinksheets:GLER) announced today they have received a executed purchase order dated February 22, 2011 from Wins Intl., Ltd. for the purchase of $100,000,000.00 worth of coal. The order is for one million tons at a price of $100.00 per ton. The deal also calls for a possible extension for an additional two 3 year terms with a million tons deliverable per year. Per the contract delivery will begin via the following schedule: 20,000 tons by May 2011, 40,000 tons by June 2011, 60,000 tons by July 2011, and 95,000 tons every month following until contract expires. The delivery point will be the sellers mine as specified by the purchase contract.
The coal specifics are as follows MAF/BTU 12,000 min., with an ash content at 8% maximum, a 1% sulfur maximum and a FSI with a 7% minimum.
Sydney Harland President of Global earth said, "This contract will bring revenue to our bottom line almost immediately with first shipments to take place in May of 2011. We at GLER are very pleased to be associated with one of the largest buyers of coal in the world today. This, along with other joint ventures, is the very core of our business strategy in creating joint ventures that impact our bottom line."
Global Earth Energies welcomes any and all inquiries on our business ventures, via phone or email.
About Global Earth Energy Inc. Global Earth Energy Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.
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 www.sec.gov . 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:
Sydney A. Harland
CEO
Global Earth Energy
Email Contact
910-270-7749
www.globalearthenergy.com
Spiros D. Sinnis
Chief Business Advisor
630-750-9095
skype: spiros.xs
Email Contact
www.xsholdings.com
Wins International Co., Ltd
3rd Floor, Seokbeom Building
636-1 Yeoksam-dong, Gangnam-gu
Seoul, South Korea
SOURCE: Global Earth Energy Inc.
Geezz...thanks for replies
GM board, im new here. L2 showing me .064, .25? is that still premarket setup or will this fly that much?
NEWS: Global Earth Energy Inc. Enters Into Joint Venture WorthApproximately $375 Million Over the Next 15 Years With BiosynergiesLubbock LLC and Two Major U.S. Universities With a 25% Participation
Feb 24, 2011 09:39:18 (ET)
WILMINGTON, NC, Feb 24, 2011 (MARKETWIRE via COMTEX) -- Global Earth Energy Inc. (GLER, Trade ) announced today it has entered into a joint venture partnership with Biosynergies Lubbock, LLC, a Texas limited liability company. Biosynergies is in the business of creating Urea using bio mass feedstock. The deal will run for 15 years and will be split on a 75/25% profit split. Global Earth Energy's share will be 25%. The IRR of the deal exceeds 71%.
By a sublicense agreement with Biosynergies, LLC, Bio Lubbock has obtained the right to use patented technology described as Patent Cooperation Treaty Application No. PCT/US2009/053547, Modularized System and Method for Urea Production Using a Bio-mass Feedstock, filed on August 12, 2008. Through such technology, the Joint Venture will have the right to use the patented technology to manufacture Urea at the Lubbock Plant. The fair market value of the licensed technology is agreed to be $195,000,000.
About Biosynergies Lubbock, LLC. With the growth of the population causing ever-increasing demands upon our natural resources, fossil fuel consumption and its resultant negative impact on our environment will continue to rise. It is time for a shift in thinking. The utilization of agricultural residual products and other forms of biomass must be used to produce a multitude of valuable products such as nitrogen fertilizer. Utilizing terrestrial carbon derived from waste products, rather than sub terrain fossil fuel carbon, the overall impact on our environment will be lessened.
The operational concept is designed around the gasification of cotton gin by-products and its reformation into an organic high nitrogen fertilizer, Urea. The market for high nitrogen fertilizers (Urea 46%-N) continues to grow as it accounts for 60% of total nutrient consumption worldwide and is anticipated to reach 70% by the end of the next decade. The US domestic consumption of Urea has experienced a 1.2% growth rate per year for the past six years. In 2005, North American consumption exceeded 6.5 million tons while domestic production was less than 4.5 million tons. The balance was supplemented with imported product. Urea has many uses from agricultural fertilizer, raw material input for production of plastics, and by the surfactant industry. Currently, over 90% of the Urea produced utilizes natural gas as the feedstock. Over the past several years natural gas costs have been extremely volatile and have risen dramatically. In some cases a 50% increase has been realized. Global increases in agricultural product prices have also led to the increasing demand of nitrogen-based fertilizers. At the same time, domestic nitrogen fertilizer production has dropped and imports have risen.
From a rural economic development perspective, utilizing cotton gin by-products, which currently have little or no monetary value, and are considered "waste" by most, would create an additional source of income for many of the farmers and cooperatives in the region. This opportunity will not only create rural economic development but also provide educational opportunities and jobs to people in order to accomplish a constant improvement in the region where the operations are located. By utilizing resources currently considered as by-products, this project seeks to be a source of environmental, and economic development which will create an economic bio-sphere in which the end product, Urea, will be marketed and sold back to the farmers. This will have many logistical benefits, and in turn helping to offset transportation costs that are normally associated with Urea importation. Conversion of agricultural biomass into marketable products, especially in rural and developing areas can enhance the economic status of the region and improve the overall quality of life and environment for its citizens.
Global Earth is also pleased to announce that it is now listed on the OTCQB. For more information on this classification please go to OTCMARKETS.COM.
About Global Earth Energy Inc. Global Earth Energy Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.
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 www.sec.gov . 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.
We welcome any and all inquiries about this partnership by contacting any of the personnel listed below.
Sydney A. Harland CEO
Contact:
Global Earth Energy
910-270-7749
I normally dont go back and forth with people on here but ill do it this time. Im not sure about much cuz im fairly new to this stock. I got in @ .004 and been in since (no bag holding here). Maybe ur right, maybe ur wrong. Ive noticed u've been more wrong than right. As for the .05? Im waiting for .04 prints like ive been stating in previous posts.
I like the recent PR's and been updating since then. Im not sure of the uplisting part but im patiently waiting to see.
Now the part that gets me is why do you waste your time here? I myself have tried to save people from investing into pump and dumps but i STOP when i notice im only speaking to deaf ears and i LEAVE the board. Two days max prolly. Its pretty obvious that some folks only speak up when they are selling to drive price down more. Just simply follow their previous posts and you'll see them tag team on other boards.
I guess i can't say GLTY cuz apparently you sold out, but for the rest GLTA.
Confusion prolly from yesterdays halt mixup. Waiting to see what happens in few mins.
Who are "they"?