Liberty Energy Corp. (LBYE)

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LBYE excellent news

Liberty Energy Corp. Announces New Corporate Headquarters And Total Payoff Of Convertible Debt

HOUSTON, Nov. 1, 2013 /PRNewswire via COMTEX/ -- Liberty Energy Corp. (otcqb:LBYE) ("Liberty" or "the Company") an independent oil and gas company targeting onshore Texas oil conventional plays with a current focus on the Fort Worth Basin, today announced that the Company has received additional capital from its private placement agreement with Houston based, public equity fund, Petro Fund I, Inc. executed earlier this year.

Liberty has used the proceeds to settle all outstanding convertible debt with Asher Enterprises whereas the Company does not owe any additional funds and there will be no more conversions to stock. The capital was paid this week in the amount of the remaining balance of $31,118.20 after 898,204 common shares of stock were issued mid-October.

Liberty has moved to its Corporate Headquarters located at 2425 Fountain View Drive, Suite 300, Houston Texas 77057. Liberty's newly updated website is located at http://LibertyEnergyCorp.com. Please sign up for the Liberty email newsletter via the website to get the most recent up to date information.

"We are very pleased to have finished the final steps of the initial phase of the company while preparing to complete several acquisitions of production with upside in North Central Texas. Next we look forward to finalizing our first producing acquisition and introducing several other producing assets we intend to acquire near term," stated, CEO Arthur Roy.