WILMINGTON, N.C.–Global Earth Energy Inc. (OTCQB: GLER) is pleased to announce a new extensive growth strategy centered around the acquisition of overriding royalty interest in oil and gas leases in the United States. GLER will acquire leases from landowners with the objective of rolling up a multitude of leases covering several thousand acres. The Company believes this strategy will greatly enhance shareholder value. By amassing a large land package, GLER will be poised as an attractive takeover target for larger oil and gas companies.
In the coming weeks, target leases that demonstrate the greatest potential to increase shareholder value will be specified and further details announced.
On December 24, 2012, Global Earth Energy executed a Securities Purchase Agreement with Solar Power Utility Holdings Ltd. The Company has been informed by their principal that their financial institution requires further due diligence in order to complete the transaction, and GLER is currently working with them to supply the additional information they requested. The Company will keep its shareholders up to date on any new developments.
Global Earth Energy is also very pleased to announce that its shares are now DWAC/FAST Eligible with the Depository Trust Corporation.
“DTC eligibility is a critical step towards building shareholder value and attracting new investors who may have been restricted from our stock,” said Sydney Harland, CEO of Global Earth Energy Inc. “Existing shareholders can now benefit from greater liquidity and execution speeds. We’ve overcome a significant obstacle in the path to growth for GLER.”
About Global Earth Energy
Global Earth Energy Inc. is an oil and gas exploration company focused on developing prime prospects in the United States. Global Earth Energy Inc. teams up with some of the top independent oil and gas drillers and operators in the industry, thereby reducing the risks normally associated with the drilling of wells.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC that manages the electronic clearing and settlement of publicly traded companies and other securities. DTC eligibility speeds up the receipt of stock and cash, thus accelerating the settlement process for investors at all levels.