re: Ann: NewCO2Fuels signs agreements with tw... It's called...

re: Ann: NewCO2Fuels signs agreements with tw... It's called 'Risk and Reward'.

Great to see smart investors in.
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ASX ANNOUNCEMENT, 29 APRIL 2014
$3.25 MILLION SHARE PLACEMENT AND SHARE PURCHASE PLAN

Commitments of approximately $3.25 million received via a two-tranche placement to sophisticated and professional investors;
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A Share Purchase Plan will also be offered to eligible shareholders;

Funds to be used to invest in energy efficiency business growth, increase investment in NewCO2Fuels, and provide general working capital

Greenearth Energy Ltd (“Greenearth Energy”)
ASX:GER) is pleased to announce that it has
received commitments from professional and sophisticated investors to raise approximately $3.25 million by way of a placement, which is to be completed in two tranches at an issue price of 7.5 cents per share.

Greenearth Energy is also pleased to announce that it will be offering existing eligible shareholders the opportunity to participate in a Share Purchase Plan (“SPP”) at an issue
price of 7.5 cents per share.

Together, the funds raised from the placement
and the SPP will be used to invest in the
continued growth of the company’s industrial en
ergy efficiency business via its wholly-owned
subsidiary, Greenearth Energy Efficiency Pty Ltd (“GEE”), to fund additional investment in NewCO2Fuels Ltd (Israel), and for general working capital purposes.

An investor presentation is being released to ASX simultaneously with this release which
contains further details.

Greenearth Energy Managing Director, Samuel Marks said:

"This placement was well supported by new and existing investors and I would personally like to thank each of them for their strong backing and confidence in the company’s future. I would specifically like to mention our new co
rnerstone investor, Small Giants, who we are looking forward to working closely with as we grow our Energy Efficiency business and continue development of NewCO2Fuels.

Small Giants is a Melbourne based Private Equity
group that invests in companies making an environmental and/or social impact, on a commercially viable scale. The co-founders of Small Giants, Danny Almagor and Berry
Liberman, are also major shareholders of the Impact Investment Group, who our Energy Efficiency business is currently partnering with on Lighting Upgrades.

Small Giants is an exciting group to be involved with and it is great to have them on board.