Global Equity International Inc (OTCMKTS:GEQU) shares rose 11.58% on Thursday to $0.0179 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.01 to $0.03. The company has a market cap of $6.53 million at 369.50 million shares outstanding.
Global Equity International Inc announced a newly signed consultancy agreement with Blackstone Natural Resources SA along with its fully-owned subsidiaries GEP Equity Holdings Limited and Global Equity Partners Plc. Blackstone Natural Resources SAis an upstream Exploration and Production company focused on acquiring and developing distressed Oil and Gas assets in the Americas. It has 18 blocks in three countries on contract or under evaluation covering 1.5 million acres of land with proven and probable reserves of 340+ million barrels of oil and original oil in place of 3.5+ billion barrels.
Global Equity International Inc has been mandated to assist with raising up to, but not limited to, $151,500,000 for growth, expansion and acquisition. It agreed a monthly cash retainer and also cash and equity success fees and has been granted the right of first refusal to assist with a public IPO of Blackstone when the time it right.
“We are delighted to have secured Blackstone Natural Resources (BNR) as our client given the current considerable uplift in investor sentiment for the Resource Sector in general which shows no sign of abating,” said Global Equity International Inc Director Patrick Dolan. “This is reflected in the significant interest already being shown in BNR by Oil & Gas investors who will be attending the MEOS 2017 Oil & Gas conference in Bahrain from March 6th to March 9th.”
“Blackstone is truly pleased to announce our engagement with Global Equity Partners to assist us in raising capital for our Exploration and Production efforts in the Americas. They have a fantastic team of professionals and a vast global network. We also look forward to joining the Global Equity Team at the MEPEX Forum in Bahrain next month. Now is the time when savvy investors re-enter the market and create great value for themselves and their shareholders,” remarked Blackstone CEO Demetrius Maxey.
Global Equity International Inc is a company that provides consulting services, such as corporate restructuring, advice on management buy outs, management recruitment and development for corporate marketing, investor and public relations, regulatory compliance and introductions to financiers, to companies desiring to be listed on stock exchanges in various parts of the world.
Its operations are limited to insuring compliance with regional, state and national securities regulatory agencies and organizations. The company advices and assists its clients in determining the corporate structure, which is suitable to their business models, and recommends management changes as per necessity. The company also offers corporate governance models customized to specific organizations and desired exchange listings and reviews and analyzes balance sheets and capital structures.