Global Earth Energy Secures Equity Financing


Earth Energy Inc., a provider of renewable energy products and services, has executed an investment agreement with Boston-based Dutchess Opportunity Fund II LP. Under the terms of the agreement, Dutchess has committed to purchasing up to $10 million Global Earth Energy's common stock for a period of 36 months after a registration statement is declared effective. ‘The proceeds of our equity financing will be used primarily to fuel the U.S. expansion of our newly acquired subsidiary, RCI Solar,’ says Syd Harland, CEO of Global Earth Energy Inc. ‘As Western Canada's rapidly growing solar energy company, RCI Solar has the potential to scale up its distribution capacity and increase its market share in both in Canada and the U.S.’ SOURCE: [link=]Global Earth Energy

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