Blackbird Energy Inc. (TSXV:BBI) announced that it intends to carry out, subject to approval from the TSX Venture Exchange, a brokered private placement, on a commercially reasonable “best efforts” agency basis, for gross proceeds of up to $6,000,000.

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Blackbird Energy Inc. (TSXV:BBI) announced that it intends to carry out, subject to approval from the TSX Venture Exchange, a brokered private placement, on a commercially reasonable “best efforts” agency basis, for gross proceeds of up to $6,000,000.

As quoted in the press release:

The Private Placement will consist of 10,000,000 units of the Company (each, a “Unit), at a price of $0.20 per Unit, and 20,000,000 flow-through shares (each, a “Flow-Through Share”), at a price of $0.20 per Flow-Through Share. Each Unit shall consist of one common share in the capital of the Company (each a “Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder to purchase one common share in the capital of the Company (a “Warrant Share”) at a price of $0.30 per Warrant Share for a period of 24 months following the closing date. All of the securities issued pursuant to the Private Placement will be subject to a four month hold period from the date of issue.

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