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Liberty Energy Bags Second Round Of Funding From Asher Enterprises

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August 16, 2012

Liberty Energy Corp. (LBYE) is pleased to announce the completion of a second convertible note agreement with Asher Enterprises, an American investment company.

The Company can confirm entering into a second Securities Purchase Agreement with Asher Enterprises Inc. who has agreed to purchase a further convertible note. The convertible note, issued on July 11, 2012, is due on April 16, 2013 at an interest rate of 8% per annum.

"We are very pleased to extend our existing relationship with our investor through a second round of funding," commented Ian Spowart, ...

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