Green Earth Technologies (OTC:GETG) announced today that it has signed an agreement with Lincoln Park Capital Fund, LLC ("LPC"), a Chicago-based institutional investor, under which, LPC has committed to invest up to $15 million in Green Earth Technologies over a 30-month period, subject to certain conditions, at the company's discretion. Shares of Green Earth closed yesterday at $0.42 per share and average about 90,000 shares traded per day. The company has a market cap of $57 million and a 52-week range between $0.21 and $0.71 per share."We are pleased to receive this commitment from Lincoln Park Capital, a well respected team who has shown confidence in our products and distribution," said Jeff Marshall, Chairman and CEO of Green Earth Technologies. "This agreement provides added flexibility to raise additional capital and the availability of additional working capital will help us strategically grow the business as we leverage our third party supplier relationships."
LPC is an institutional investor headquartered in Chicago, Illinois. LPC's experienced professionals manage a portfolio of investments in public and private entities. These investments are in a wide range of companies and industries emphasizing life sciences, energy and technology. LPC's investments range from multiyear financial commitments to fund growth to special situation financings to long-term strategic capital offering companies certainty, flexibility and consistency.
For more information, visit www.LincolnParkCapital.com.
Green Earth Technologies produces G-branded superior performing green products made with American-grown base oils that utilize the power of nanotechnology to deliver environmentally friendly products with no compromise; meaning that consumers can now "do their part" without having to give up performance or value.
Please visit www.getg.com for the latest news and in-depth information about GET and its brands.
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