Blackbird Energy Inc. Announces Appointment of William C. Macdonald to Board of Directors
May 21 2014 - 6:42PM
Marketwired
Blackbird Energy Inc. Announces Appointment of William C. Macdonald
to Board of Directors
CALGARY, ALBERTA--(Marketwired - May 21, 2014) - Blackbird
Energy Inc. ("Blackbird" or the "Company") (TSX-VENTURE:BBI) is
very pleased to announce the appointment of William C. Macdonald to
its board of directors.
Mr. Macdonald has over thirty years of petroleum land management
experience in Western Canada. He is currently the President of
Bilmac Resources, an oil and gas consulting firm that provides land
management support to various clients, and specializes in the
capitalization of private oil and gas start-up companies. Most
recently Mr. Macdonald served on the board of Alexander Energy Ltd.
and chaired the special committee that sourced and finalized a
recapitalization arrangement with the team of Spartan Energy,
delivering to Alexander shareholders an approximate six times lift.
In 1997, Mr. Macdonald co-founded Avalanche Energy Limited, a
private oil and gas company, which was sold in late 2000 for
approximately 10 times its initial share price. Mr. Macdonald was
also previously Land Manager at Hardy Oil and Gas Limited, a
private subsidiary of Hardy PLC (1990-95) and a senior negotiator
at Amerada Hess Corporation. He became a member of the Canadian
Association of Petroleum Landmen in 1980, attained his P. Land
designation in April 1989, and remains an active member of the
Association.
Garth Braun, President and CEO stated: "Blackbird is at a
critical stage with respect to the further development of its
properties, and in particular, the Elmworth Montney Property. We
are very pleased to make this very significant addition to the
Blackbird team and look forward to Mr. Macdonald assisting
Blackbird in achieving its development objectives and building
shareholder value through the de-risking of the Montney
resource."
In connection with the appointment, Blackbird has granted
750,000 incentive stock options to Mr. Macdonald. Such options are
exercisable at the price of $0.27 for a period of five years until
May 21, 2019.
About
Blackbird
Blackbird Energy Inc. is a Western Canadian based company that
explores, develops and produces oil and natural gas in Western
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 southwest
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 statements or
information (collectively referred to herein as "forward-looking
statements") relating to the Company's development plans for one or
more of its properties are deemed to be forward-looking
statements. 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 and business
conditions in North America and internationally, (2) the inherent
uncertainties and speculative nature associated with oil and gas
exploration and production, (3) the price of and demand for oil and
gas and their effect on the economics of oil and gas exploration,
(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. Should one or
more of these risks or uncertainties materialize, or should any of
the Company's assumptions prove incorrect, actual results may vary
in material respects from those projected in the forward-looking
statements. Readers are cautioned that the foregoing list of risks,
uncertainties and other factors is not exhaustive. Unpredictable or
unknown factors not discussed could also have material adverse
effects on forward-looking statements. The impact of any one factor
on a particular forward-looking statement is not determinable with
certainty as such factors are dependent on other factors, and the
Company's course of action would depend on its assessment of the
future considering all information then available. All
forward-looking statements in this Press Release are expressly
qualified in their entirety by these cautionary statements. Except
as required by law, the Company assumes no obligation to update
forward-looking statements should circumstances or management's
estimates or opinions change.
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.
Blackbird Energy Inc.Garth BraunPresident and CEO(587)
538-0383Blackbird Energy Inc.Joshua MannVice President, Business
Development(403) 390-2144www.blackbirdenergyinc.comBrisco Capital
Partners Corp.Katrin TosineDirector of Investor Relations(647)
388-4984kat@briscocapital.com
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