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, Liberty's chief executive officer. "We intend to use these additional funds to commence an exploration program of our recently acquired properties in Texas."
Additional information on Liberty's forthcoming exploration program will be released at a later date as details are confirmed.
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