• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks

    Blackbird Energy Enters Amending Agreement for Ruger Energy

    Investing News Network
    Oct. 23, 2012 07:33AM PST
    Oil and Gas Investing

    Blackbird Energy (TSXV:BBI) announced an amending agreement on its proposed acquisition of Ruger Energy Inc.

    Blackbird Energy (TSXV:BBI) announced an amending agreement on its proposed acquisition of Ruger Energy Inc.

    The Amending Agreement revises the terms of the Securities Exchange Agreement dated September 24, 2012 by reducing the deemed price of the transaction units (each, a “Transaction Unit”) to be issued by Blackbird to the shareholders of Ruger, from $0.12 to $0.101 per Transaction Unit. With each Transaction Unit being comprised of one common share (a “Transaction Share”) and one-half of one share purchase warrant (a “Transaction Warrant”), the price revision will result in an aggregate of 47,143,250 Transaction Shares and 23,571,625 Transaction Warrants being issued.

    Blackbird CEO and Director Garth Braun said:

    The acquisition of Ruger is transformational for Blackbird, as it diversifies the project base of the Company and strengthens our balance sheet. Post transaction, as an emerging E & P company, Blackbird will have garnered a balanced asset base with a producing oil and gas production mix and lands with development potential. The Company will be well positioned to expand its focus on exploration and development in both the deep basin in West Central Alberta and oil-prone project areas in Saskatchewan.

    Click here to read the Blackbird Energy (TSXV:BBI) press release

    See this press release on Marketwire
    Click here to see the Blackbird Energy (TSXV:BBI) profile.

    tsxv:bbigarth braun
    The Conversation (0)

    Go Deeper

    AI Powered
    bctx stock

    BriaCell Appoints Renowned Pharmaceutical Veteran Jane Gross, Ph.D. to its Board of Directors

    Gage Growth Corp. Announces US$55 Million Senior Secured Debt Financing

    Gage Growth Corp. Announces US$55 Million Senior Secured Debt Financing

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×