Fresh Tracks Therapeutics Inc V.BBI

Private placement closes

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Blackbird Energy Inc. Closes Upsized CEE Flow-Through Equity Financing for Gross Proceeds of $6.4 Million 2018-10-01 07:27:03 PM ET (GlobeNewswire)

(TSX-V: BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement by issuing 16.0 million common shares ("Shares") on a "flow-through" basis in respect of Canadian Exploration Expenses ("CEE") at a price of $0.40 per Share, resulting in gross proceeds of $6.4 million (the "CEE Private Placement"). Proceeds from the CEE Private Placement will be used to partially fund the Company's exploration drilling and completion expenditures during the remainder of 2018. Pursuant to the provisions in the Income Tax Act (Canada), Blackbird will incur eligible CEE prior to December 31, 2018, in the aggregate amount of not less than the total gross proceeds of the CEE Private Placement. The Shares issued in connection with the CEE Private Placement are subject to a hold period until January 29, 2019. About Blackbird Blackbird Energy Inc. is a highly innovative oil and gas exploration and development company focused on the condensate and liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta. For more information, please view our Corporate Presentation at www.blackbirdenergyinc.com or contact: Blackbird Energy Inc. Garth Braun Chairman, CEO, and President [phone] [e-mail] Allan Dixon Manager, Business Development [phone] Ext. 103 [e-mail]

Blackbird Energy Inc. Closes Upsized CEE Flow-Through Equity Financing for Gross Proceeds of $6.4 Million 2018-10-01 07:27:03 PM ET (GlobeNewswire)

(TSX-V: BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement by issuing 16.0 million common shares ("Shares") on a "flow-through" basis in respect of Canadian Exploration Expenses ("CEE") at a price of $0.40 per Share, resulting in gross proceeds of $6.4 million (the "CEE Private Placement"). Proceeds from the CEE Private Placement will be used to partially fund the Company's exploration drilling and completion expenditures during the remainder of 2018. Pursuant to the provisions in the Income Tax Act (Canada), Blackbird will incur eligible CEE prior to December 31, 2018, in the aggregate amount of not less than the total gross proceeds of the CEE Private Placement. The Shares issued in connection with the CEE Private Placement are subject to a hold period until January 29, 2019. About Blackbird Blackbird Energy Inc. is a highly innovative oil and gas exploration and development company focused on the condensate and liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta. For more information, please view our Corporate Presentation at www.blackbirdenergyinc.com or contact: Blackbird Energy Inc. Garth Braun Chairman, CEO, and President [phone] [e-mail] Allan Dixon Manager, Business Development [phone] Ext. 103 [e-mail]