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SOURCE LIBERTY ENERGY CORP
HOUSTON, Nov. 1, 2013 /PRNewswire/ -- 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.
ABOUT LIBERTY: Liberty Energy Corp. (OTCQB:LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of oil and gas onshore in the United States. Headquartered in Houston, Texas, the company has acquired several leases with extensive potential for future development.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law. Please read full disclaimer: http://www.libertyenergycorp.com/contact/disclaimer/
Arthur Roy, CEO
Liberty Energy Corp.
2425 Fountain View Drive
Houston Texas 77057
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