Dubai, UAE -- November 27, 2017 -- InvestorsHub NewsWire --
Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned foreign subsidiaries,
a specialist consultancy firm with offices located in Dubai and the
United Kingdom, are extremely excited to announce that we have been
instrumental in successfully assisting our client, Blackstone
Natural Resources, in raising its initial and first round of
institutional capital funding amounting to US$2,500,000 and at an
initial valuation of US$20.84 million. This first step in a
carefully thought-out capital raising strategy has now been
achieved and this initial investment has allowed Blackstone to
attain a significant valuation that reflects the current position
of the company and now allows us, Global Equity, assist with taking
the company to the Public Markets and achieve the next round of
funding on the way through.
Enzo Taddei, CFO of Global Equity International Inc.,
said: "We were
contracted in February of 2017 to assist with sourcing, up to but
not limited to, US$150 million in various tranches over time in
exchange for a monthly consultancy fee and a pre-agreed cash
success fee; we were also contracted to assist with taking the
Company to Market in exchange for a further pre-agreed cash fee and
an equity success fee. Today, apart from a well deserved cash
success commission and receipt of nine months of accrued consulting
fees, this initial round of funding allows us to continue with our
mandate as it triggers the listing of Blackstone´s shares on the US
Markets. It also tremendously helps to accelerate the next round of
funding as we have been actively working on this, behind the
scenes, for some time now. Persistence and hard work always pay off
in the long run. We see the Blackstone project being the first of
many that will follow this shorter route to funding and ultimately
a shorter route to market. All in all, we are very excited for
Blackstone and its management team as they too deserve this
win."
Demetrius Maxey, CEO of Blackstone Natural Resources,
said: "We extend
our thanks and appreciation to the hard work and skilled efforts of
Global Equity International and to the team at William Marshal Plc.
for their support and vision. This investment represents our first
institutional funding and is part of a larger $150 million plus
capital raise. With this $2.5 million investment, and an option for
an additional $2.5 million until the end of February 2018, William
Marshal's backing allows us to secure the initial targets in our
acquisition pipeline of more than $150 million worth of producing
and near production assets. We anticipate achieving first oil and
the public listing by early 2018. The current oil price stability
above $45 per barrel creates an opportunity for acquiring assets at
an attractive cost. In the short term, the Argentine and Colombian
markets provide insulation from low oil prices because of their all
in delivery costs below $28 per barrel. With our concentration on
producing or near-production assets, we maintain positive cash flow
that allows us to focus on optimization of current production,
acquisition of additional assets, and medium risk exploration
within known producing formations. We invite investors to contact
us and learn more about how we are implementing our
strategy."
About Global Equity International Inc. and
Subsidiaries.
Global Equity International Inc., through its wholly-owned foreign
subsidiaries, advises worldwide business leaders with their most
critical decisions and opportunities pertaining to growth, capital
needs, structure and the development of a global presence. With
offices in Dubai and The United Kingdom, Global Equity has
developed significant relationships in the US, UK, Central Europe,
the Middle East and South East Asia to assist clients in realizing
their full value and potential by bringing them to external capital
and resources that place an emphasis on collaborative thinking.
Furthermore, because Global Equity has offices in key financial
centres of the world, they are able to introduce their clients to a
unique opportunity of listing their shares on any one of the many
stock exchanges worldwide.
About Blackstone Natural Resources S.A. and
Subsidiaries
Blackstone Natural Resources S.A. is a BVI Holding company and its
subsidiary, Blackstone Texas Inc., is an upstream exploration and
production company that is focused on acquiring and developing
non-core and distressed Oil and Gas assets in the
Americas.
Safe Harbour Statement
This press release may include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
related to anticipated revenues, expenses, earnings, operating cash
flows, the outlook for markets and the demand for products.
Forward-looking statements are no guarantees of future performance
and are inherently subject to uncertainties and other factors which
could cause actual results to differ materially from the
forward-looking statements. Such statements are based upon, among
other things, assumptions made by, and information currently
available to, management, including management's own knowledge and
assessment of the Company's industry and competition. The Company
refers interested persons to its most recent Annual Report on Form
10-K and its other SEC filings for a description of additional
uncertainties and factors, which may affect forward-looking
statements. The company assumes no duty to update its
forward-looking statements.