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Nov. 28, 2011 11:34AM PST
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Blackbird Energy Inc. (TSXV:BBI) announced that it has closed the first tranche of its brokered private placement previously announced on November 8, 2011 and led by lead agent PI Financial Corp. As quoted in the press release: The Company raised gross …
Blackbird Energy Inc. (TSXV:BBI) announced that it has closed the first tranche of its brokered private placement previously announced on November 8, 2011 and led by lead agent PI Financial Corp.
As quoted in the press release:
The Company raised gross proceeds of $1,017,500 in the First Tranche through the issuance of a total of 1,730,000 units (each, a “Unit”), at a price of $0.20 per Unit and 3,357,500 flow-through shares (each, a “Flow-Through Share”) at a price of $0.20 per Flow-Through Share. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant exercisable at a price of $0.30 until November 25, 2013.
Click here to read the Blackbird Energy Inc. (TSXV:BBI) press release
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