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Blackbird To Acquire Ruger Energy

Blackbird Energy Inc. Ruger Energy Inc.
AnnouncedOct 22, 2012
TypeCorporate
Announced Date
October 22,2012
Close Date
December 17,2012
Transaction Type
Corporate




Snapshot
TargetZones:
{Mannville,Glauconit
Location
Region
Canada

Country
Canada


Transaction Details:  Subscribe to see

Blackbird Energy Inc. today announced that, due to market conditions, it has entered into an amending agreement dated October 22, 2012 with respect to its proposed acquisition of Ruger Energy Inc. ("Ruger"), a junior oil and gas exploration and development company in Alberta (the "Acquisition"). 

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…

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