Published: September 19, 2007
Blaze Energy Closes $2 Million Round of Funding
Blaze Energy Closes First Regulation D
Blaze
Energy (PINKSHEETS: BLZE), a subsidiary of Environmental Energy Services, Inc.
(PINKSHEETS: EESV), announced today that they have closed a Regulation D
(Reg D), Private Investment in Public Equity (PIPE-1), one round of funding
valued at $2 million. The deal closed quickly, demonstrating the momentum
and forward movement of Blaze Energy.
Blaze Energy is an independent oil
and gas exploration and production company. Its main asset is in the
Fayettville Shale natural gas play where the company participates in over
45,000 gross acres of exploration. Blaze Energy believes that the
Fayetteville Shale field represents one of the most promising
unconventional gas finds in the United States. This is significant for the
United States as they have seen a dramatic increase in the prices of energy
in the past few years. Blaze Energy will bring a product from U.S. soil to
self sufficiently meet the nation's energy needs.
"Closing quickly on this Reg D gives us great confidence for Blaze Energy,"
said Mike Thompson, President of Blaze Energy. "It demonstrates that the
company, investors and the public are obviously seeing the value of our
efforts as reflected by the price of Blaze Energy's stock. We will be
opening another Reg D soon, which is expected to close quickly as well."
The proceeds from this offering will be used for drilling costs and general
corporate operating expenses.
About Blaze Energy
Blaze Energy (PINKSHEETS: BLZE) is a natural gas exploration and production
company actively engaged in the Fayetteville Shale gas project in Arkansas.
Blaze Energy is an active partner in acreage blocks in Van Buren, Celburne
and Conway counties. For more information please visit www.blazeenergy.net.
About Environmental Energy Services, Inc.
Environmental Energy Services, Inc. (PINKSHEETS: EESV) is an independent
oil and gas exploration and production company. It combines patented,
cutting edge technology and research with Monte Carlo simulation-type
analysis to acquire almost exclusively hydrocarbon energy resources for
development and production. Headquartered in Boise, Idaho, EESV, through
its holdings and subsidiaries, has resources and projects throughout North
America. For more information visit www.eesvinc.com.
This press release includes forward-looking statements as defined in
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 relating to matters such as prospects, anticipated
operating and financial performance. Actual prospects and performance may
differ from anticipated results due to economic conditions and other risks,
uncertainties and circumstances partly or totally outside the control of
the company, including risks of production variances from expectations,
market volatility, the level of capital expenditures required to fund
ongoing drilling initiatives and the ability of the company to execute its
business strategy. These and other risks are described in the company's
reports filed with the United States Securities and Exchange Commission.
These forward-looking statements are made only as of the date of this
communication and EESV undertakes no obligation to update or revise these
forward-looking statements.
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