GREY:STTYF - Post by User
Post by
gjervison Mar 29, 2013 5:21pm
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Post# 21186041
Thunderbird Issues Shares to Sandstorm
Thunderbird Issues Shares to Sandstorm https://finance.yahoo.com/news/thunderbird-issues-shares-sandstorm-223052044.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 28, 2013) - Thunderbird Energy Corp. (TSX VENTURE:TBD)(TBDYF) (the "Company") today announced that it will issue 17,922,724 common shares to Sandstorm Metals & Energy Ltd. at a price of $0.142 per share, representing the volume weighted average trading price of the Company's shares on the TSX Venture Exchange during the first 50 trading days of 2013. The shares are being issued in accordance with the terms of an agreement to amend the commodity stream agreement between the Company and Sandstorm. The terms of the amendment, including the proposed share issuance, were originally announced by the Company and Sandstorm in press releases dated February 14, 2012.
Sandstorm now holds approximately 17.1% of the issued and outstanding common shares of the Company on an undiluted basis.
Thunderbird Energy is a Canadian-based oil and gas exploration and production Company with interests in the US Rockies and mid-continent regions.