November 13, 2014
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.Calgary, Alberta, November 13, 2014 - Blackbird Energy Inc.
("Blackbird" or the "Company"
is pleased to announce a non-brokered private placement of 11,111,200 common shares in the capital of the Company to be issued on a "flow-through" basis ("Flow-Through Common Shares"
) pursuant to the Income Tax Act
(Canada) in respect of Canadian exploration expenses ("CEE"
) at a price of $0.45 per share for gross proceeds of $5,000,040 (the "Private Placement"
The available proceeds from the Private Placement will be used by the Company to incur eligible CEE. The completion of the Private Placement is subject to the Company receiving all necessary regulatory approvals, including approval from the TSX Venture Exchange. The Company may pay finder's fees consisting of cash and/or common shares pursuant to the closing of the Private Placement.About Blackbird
Blackbird Energy Inc. is an emerging oil and natural gas exploration company focused in the liquids-rich Montney fairway.On behalf of the board of
Blackbird Energy Inc.
For further information please contact:
President and Chief Executive Officer
Blackbird Energy Inc.
Phone: (587) firstname.lastname@example.org
Vice President, Business Development
Blackbird Energy Inc.
Phone: (403) email@example.com
Brisco Capital Partners Corp.
Phone: (403) firstname.lastname@example.orgThe TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.FORWARD-LOOKING STATEMENTSThis news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Company's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to the Private Placement, the receipt of required approvals, the timing of thereof and the amount and use of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of the Corporation's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future oil and gas prices, as well as those factors discussed in the sections relating to risk factors of our business filed in the Company's required securities filings on SEDAR. Although the Company has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
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