Debt | Capital Markets
Blackbird Initiates Private Placement to Fund Well Projects
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Blackbird Energy Inc. intends to carry out a non-brokered private placement for gross proceeds of up to $1,500,000.
The Private Placement will consist of flow-through shares at a price of $0.10 per Flow-Through Share for gross proceeds of up to $500,000, and non-flow through units at a price of $0.09 per Unit for gross proceeds of up to $1,000,000.
Each Unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.15 per Warrant Share for a period of 24 months following the closing date. The Warrants will be subject to an early acceleration provision which provides for the mandatory exercise or expiry of the Warrants in the event Blackbird's shares close at…
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