SEDAR Early Warning Report Report Pursuant to
Section 102.1 of the Securities Act (Ontario) and
Similar Provisions of other Provincial Securities Legislation
1. The name and address of the offeror
AlphaNorth Asset Management (the “offeror”)
144 Front Street West, Suite 420
Toronto, ON M5J 2L7
2. The designation and number or principal amount of securities and the offeror’s
security holding percentage in the class of securities of which the offeror acquired
ownership or control in the transaction or occurrence giving rise to the obligation to
file a news release, and whether it was ownership or control that was acquired in
those circumstances
Pursuant to the completion on March 15, 2012 of a private placement offering of
Blackbird Energy Inc. (the “issuer”), the offeror acquired control or direction over
3,125,000 common shares and 1,562,500 common share purchase warrants of the issuer,
representing approximately 5.2% of the issued and outstanding common shares of the
issuer (assuming exercise of all the common share purchase warrants over which the
offeror exercises control or direction).
3. The designation and number or principal amount of securities and the offeror’s
securityholding percentage in the class of securities immediately after the
transaction or occurrence giving rise to obligation to file a news release
Immediately following the acquisition of the securities detailed in item 2 above, the
offeror has control or direction over 5,815,000 common shares and 4,582,500 common
share purchase warrants of the issuer, representing approximately 11.5% of the issued
and outstanding common shares of the issuer (assuming exercise of all the common share
purchase warrants over which the offeror exercises control or direction).
4. The designation and number or principal amount of securities and the percentage of
outstanding securities of the class of securities referred to in paragraph (3) over
which:
(a) the offeror, either alone or together with any joint actors, has ownership and
control
An aggregate of 5,815,000 common shares and 4,582,500 common share
purchase warrants of the issuer, representing approximately 11.5% of the issued
and outstanding common shares of the issuer (assuming exercise of all the
common share purchase warrants over which the offeror exercises control or
direction).