WHITCHURCH STOUFFVILLE, Canada--(BUSINESS WIRE)--
Blue Planet Environmental Inc. (FWK, Stock Symbol- 9BP) entered into a Stock Purchase Agreement (the 'SPA') on December 2, 2011 with BPE Marketing Services LLC ('BPE') providing for an equity investment of up to $3,000,000 USD (Three Million USD). Blue Planet Environmental also signed an exclusive world-wide Marketing Services Agreement with BPE, as of the same date, covering the distribution and licensing of Blue Planet Environmental's commercial technology and products.
Pursuant to the SPA, BPE made the initial investment of $500,000 USD upon the execution of the agreement. The SPA further provided for additional investments of at least $500,000 USD on the 6th, 9th and 12th month anniversaries of the SPA's execution. Blue Planet Environmental is pleased to announce that the second tranche closed on June 6, 2012 with the receipt of $500,000 USD, and the issuance of 2,595,757 common shares of Blue Planet Environmental Inc.
Blue Planet Environmental Inc. was represented in this matter by Minden Gross LLP of Toronto, Ontario; BPE Marketing Services LLP was represented by the New York office of Seyfarth & Shaw LLP.
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