SOURCE: Blue Earth, Inc.

Blue Earth, Inc. Logo

June 29, 2015 09:00 ET

Blue Earth Announces $2 Million Registered Direct Offering

HENDERSON, NV--(Marketwired - June 29, 2015) - Blue Earth, Inc. (NASDAQ: BBLU), an alternative/renewable energy and energy efficiency services company, announced today that it has entered into an agreement with a single institutional investor to receive $2 million in gross proceeds in a registered direct offering through the sale of common stock and warrants consisting of 1,666,667 shares of the Company's common stock and a 60 month warrants to purchase 833,333 shares of common stock at an exercise price of $1.60 per share (not exercisable for six months from issuance). If the warrants are exercised for cash in full, the Company would receive additional gross proceeds of approximately $1.33 million.

The offering is expected to close on or about July 2, 2015, subject to customary closing conditions. The net proceeds of the financing will be used for general corporate purposes, including working capital.

"We are in position for an expected strong second half of 2015 and have made significant progress in structuring strategic relationships regarding project financing and joint-development/marketing that will benefit our co-generation, solar and technology divisions," stated Johnny R. Thomas, CEO of Blue Earth, Inc. "Funding from a single institutional investor, shows the immediate benefits to being listed on the Russell Microcap Index as the Company increases its visibility with institutional investors and the investment community."

Chardan Capital Markets, LLC acted as the sole placement agent for this transaction.

The securities described above are being offered by Blue Earth through a prospectus supplement pursuant to Blue Earth's shelf registration statement on Form S-3 as previously filed and declared effective by the Securities and Exchange Commission and the base prospectus contained therein (Registration No. 333-200107). A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities are being be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the final prospectus supplement and accompanying base prospectus may be obtained, when available, by contacting Chardan Capital Markets, LLC, 150 East 58th Street, 28th Floor, New York, NY 10155, at (646) 465-9028, or the Securities and Exchange Commission's website at http://www.sec.gov.

About BBLU

BBLU is engaged in the clean technology industry with a primary focus in energy efficiency and alternative/renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and materially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "may," "will," "should," "intends," and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, and the $2 million registered direct offering. These forward-looking statements are based on the company's current believes and expectations, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Ks, Form 10-Qs, Form 8-Ks, Proxy Statements and other filings. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact Information