Knoxville, TN – (NewMediaWire) – September 19, 2022 – Blue Earth Resources Inc. (“BERI”) today announces the acquisition of a 100% interest in Fuel Trader Supply, LLC (“FTS”), a Florida limited liability company, and simultaneously acquired a 100% interest in an FTS affiliate, Fuel Trader Resource Management , Inc. (“FTRM”), a corporation organized under the laws of the Commonwealth of Puerto Rico, a territory of the United States of America. The purchase was procured by a combination of cash and shares of BERI common stock.
BERI will retain its headquarters in Tennessee and will continue maintaining the offices of FTS and FTRM in Florida and Puerto Rico. William R. Eaton was instrumental in the purchase as he owned or controlled 100% of the outstanding equity interest of both FTS and FTRM. In addition to continuing to lead both wholly owned subsidiaries, Mr. Eaton will serve as Chief Operating Officer and a member of the Board of Directors of BERI. Other existing officers of both FTS and FTRM will continue to serve in their same positions.