Offering sells 11,111,200 flow-through common shares at C$0.45 each
By Devika Patel
Knoxville, Tenn., Nov. 13 – Blackbird Energy Inc. said it plans a C$5 million private placement of stock.
The company will sell 11,111,200 flow-through shares at C$0.45 apiece. The price per share represents a 9.76% premium to C$0.41, the Nov. 12 closing share price.
Proceeds will be used for exploration.
Based in Vancouver, B.C., Blackbird explores for oil and gas.
| Issuer: | Blackbird Energy Inc.
|
| Issue: | Flow-through common shares
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| Amount: | C$5,000,040
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| Shares: | 11,111,200
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| Price: | C$0.45
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| Warrants: | No
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| Pricing date: | Nov. 13
|
| Stock symbol: | TSX Venture: BBI
|
| Stock price: | C$0.41 at close Nov. 12
|
| Market capitalization: | C$63.03 million
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