CEE Centamin Plc

(TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is
pleased to announce that it has closed its previously announced private
placement for gross proceeds of $3,087,361 ("Private Placement").


The Private Placement was comprised of a unit portion at $0.09 per unit (each, a
"Unit") and a Canadian Exploration Expense ("CEE") flow-through share component
at $0.10 per flow-through share (each, a "Flow-Through Share").


A total of 26,148,463 Units and 7,340,000 Flow-Through Shares were issued
pursuant to the Private Placement. Each Unit consists of one common share (each,
a "Common Share") and one Common Share purchase warrant (each, a "Warrant")
which is exercisable to acquire one additional Common Share at a price of $0.15
until November 7, 2018. The Warrants are subject to an early acceleration
provision which provides for the mandatory exercise or expiry of the Warrants in
the event the Company's shares close at $0.30 or higher for at least 10
consecutive trading days. In such event, the Warrants will accelerate and expire
30 days after the Company has given notice of the acceleration to the Warrant
holders.


Garth Braun, President and CEO of Blackbird stated, "We are extremely pleased
with the closing and the demand we encountered for this private placement. With
this financing behind us, we are in a strong position to proceed with additional
exploration work on our properties, and in particular with the drilling of four
wells at our Mantario and Bromhead projects."


In connection with the Private Placement the Company paid finder's fee to
various arm's length finders consisting of a cash portion in the aggregate
amount of $184,102 and 1,970,021 finder's warrants. Each finder's warrant is
exercisable at a price of $0.15 until November 7, 2015.


The Private Placement remains subject to receipt of the TSX Venture Exchange's
final acceptance.


In accordance with applicable securities laws, all of the securities issued
pursuant to the Private Placement, including all finder's warrants, are subject
to a minimum four month hold period, expiring on March 8, 2014.


Blackbird today also announced that it has granted 1,200,000 incentive stock
options to Joshua Mann, the Company's Vice President Business Development. Such
options are exercisable at a price of $0.11 for a period of five years. 


About Blackbird

Blackbird Energy Inc. is a Western Canadian based company that explores,
develops and produces oil and natural gas in Saskatchewan and Alberta, Canada.
The Company is managed by a proven technical team. Blackbird trades on the TSX
Venture Exchange under the symbol BBI.


Blackbird's team is focused on originating new high quality oil projects through
the assembly of land positions in Saskatchewan and Alberta. 


For more information please visit the company's website and view the corporate
presentation at www.blackbirdenergyinc.com 


On behalf of the board of BLACKBIRD ENERGY INC.

Garth Braun

Chief Executive Officer and Director

Disclaimer for Forward-Looking Information 

This press release contains forward-looking information that involves various
risks and uncertainties regarding future events related to receipt of TSX
Venture Exchange final acceptance for the Private Placement and the proposed
drilling of wells on the Company's Mantario and Bromhead Projects. Such
statements are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in the
statements and are not guarantees of future performance of the Company. No
assurance can be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the Company will
obtain from them. These forward-looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions which may
prove to be incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied by the
forward-looking statements, including: (1) a downturn in general economic
conditions in North America and internationally, (2) the inherent uncertainties
and speculative nature associated with oil and gas exploration and production,
(3) a decreased demand for natural gas, (4) any number of events or causes which
may delay or cease exploration and development of the Company's property
interests, such as environmental liabilities, weather, mechanical failures,
safety concerns and labour problems, (5) the risk that the Company does not
execute its business plan, (6) inability to retain key employees, (7) inability
to finance operations and growth, and (8) other factors beyond the Company's
control. These forward-looking statements are made as of the date of this news
release and, except as required by law, the Company assumes no obligation to
update these forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking statements


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 RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Doren Quinton
President
QIS Capital Corp.
(250) 377-1182
info@smallcaps.ca
www.smallcaps.ca


Blackbird Energy Inc.
Garth Braun, President & CEO
Office (604) 688-2295
gbraun@blackbirdenergyinc.com
www.blackbirdenergyinc.com

Centamin (TSX:CEE)
Historical Stock Chart
From Oct 2024 to Nov 2024

Centamin (TSX:CEE)
Historical Stock Chart
From Nov 2023 to Nov 2024