Blackbird Energy Inc. Closes Land Acquisition from Paramount Resources
CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - Blackbird Energy Inc. ("Blackbird") (TSX VENTURE:BBI) is pleased to report that it has closed the previously announced acquisition (the "Acquisition") of 8 gross sections of Montney rights (2.8 net) (the "Acquisition Lands") from Paramount Resources Ltd. ("Paramount") pursuant to the terms of a purchase and sale agreement dated February 2, 2017. The Acquisition is effective February 1, 2017.
Blackbird issued an aggregate of 5,000,000 common shares to Paramount as consideration for the Acquisition (the "Consideration Shares"). The Consideration Shares are subject to a hold period expiring June 16, 2017.
The Acquisition Lands increase Blackbird's Montney rights at Elmworth / Pipestone to 102 gross sections (96.8 net).
About Blackbird
Blackbird Energy Inc. is a highly innovative oil and gas exploration and development company focused on the condensate and liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
SPECIALIST business utilities retailer Love Energy Savings is now a BT Authorised Partner for business connectivity products, including broadband.
The move will double the UK addressable market of Love Energy Savings to all 5.5 million small and...
NXG Cushing® Midstream Energy Fund (the "Fund") announced today that it has established an "at-the-market" offering program (the "Offer"), pursuant to which the Fund may offer and sell common shares of beneficial interest, par value $0.001 per share...
Enbridge Inc. (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series R (Series R Shares) will be converted into Cumulative Redeemable Preference Shares, Series S (Series S Shares) on June 3, 2024....
CanAsia Energy Corp. ("CanAsia") , on behalf of its wholly owned subsidiary Andora Energy Corporation ("Andora"), announced today that Andora has completed the acquisition of certain assets (the "Assets") of Northern Alberta Oil Ltd. ("NAOL") and...
Keyera Corp. ("Keyera") announced today a correction to its press release titled "Keyera Announces Second Quarter 2024 Dividend", which was issued on May 13, 2024 (the "Initial Press Release").
The ex-dividend date has been corrected from June 13,...