Liberty Energy Corp. announced that it has received $1.055001 million in funding from Asia Pacific Capital Ltd
On September 2, 2010, the company announced that it has received $125,000 in its first draw-down. The current draw-down brings the total of external investment this year to $500,000.
On September 21, 2010, the company raised $75,000 in its second close.
On October 19, 2010, the company announced that it has received its third draw-down.
On February 28, 2011, the company announced that it has received a further draw-down.
On March 8, 2011, the company announced that the investor has agreed to advance additional $4,000,000 in the transaction. The company will now raised total gross proceeds of $8,000,000 in the transaction.
On August 9, 2011, the company announced that it has received a further draw-down.
On November 23, 2011, the company amended the terms of the transaction. The unit price will now be 95% of the volume weighted average of the closing price of common stock for the 10 banking days immediately preceding the date of the notice, but at no time will be less than $0.05 per share.
On July 11, 2012, the company announced another draw-down in the transaction.
As of July 31, 2013, Liberty Energy Corp. (OTCPK:LBYE) closed the transaction. The company has issued 3,998,048 shares for gross proceeds of $1,055,000 and 5,807,752 warrants at an exercise price of $1.25 per share.