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HENDERSON, NV--(Marketwired - March 12, 2015) - Blue Earth, Inc. (NASDAQ: BBLU) an alternative/ renewable energy and energy efficiency services company, announced it closed on a $10 million 12% Senior Secured Convertible Note, Warrant and Option agreement with Jackson Investment Group, LLC, a Georgia limited liability company, as the Purchaser. Proceeds from the agreement will be used for funding the continuing construction of the Company's Brooks, Alberta, Canada combined heat and power ("CHP") energy plant and for working capital purposes. Principal and interest under the note is convertible to equity, at the Lender's option, at $1.00 per common share. The note is due and payable on September 10, 2015, unless the Purchaser elects to convert their note to equity in the Company. |
