Blackbird Energy (BBI-V) Sept 24, '14 is pleased to announce that, in connection with its previously announced offering of special warrants and flow-through common shares on a “bought deal” private placement basis, Blackbird and the syndicate of underwriters led by National Bank Financial Inc. and including Raymond James Ltd., Haywood Securities Inc., TD Securities Inc., Cormark Securities Inc. and Jennings Capital Inc. (collectively the “Underwriters”), have agreed to increase the size of the offering to an aggregate of 15,900,000 common shares to be issued on a flow-through basis in respect of Canadian Exploration Expenses (the “Flow-Through Shares”) at a price of $0.34 per Flow Through Share. The size of the previously announced offering of special warrants (the “Special Warrants”) remains unchanged at 86,207,000 Special Warrants. Aggregate gross proceeds of the Special Warrants and Flow-Through Shares will now be approximately $30.4 million.
Blackbird is also pleased to announce an increase to the previously announced non-brokered private placement of Special Warrants (the “Non-Brokered Private Placement”) to 24,138,000 Special Warrants at a price of $0.29 per Special Warrant for gross proceeds of approximately $7.0 million.
The financings are scheduled to close on or about October 15, 2014 and are subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange, and other securities regulator authorities as applicable.
About Blackbird
Blackbird Energy Inc. is an emerging oil and natural gas exploration company focused on the liquids-rich Montney fairway.
For more information please visit the Company’s website and view the investor presentation at www.blackbirdenergyinc.com
On behalf of the board of
BLACKBIRD ENERGY INC.
For further information contact:
Blackbird Energy Inc.
Garth Braun
President and CEO
(587) 538-0383
Blackbird Energy Inc.
Joshua Mann
Vice President, Business Development
(403) 390-2144
www.blackbirdenergyinc.com
Brisco Capital Partners Corp.
Scott Koyich
(403) 619-2200
skoyich@briscocapital.com |
