BNK Petroleum Inc. receives additional $2 million pursuant to exercise of
over-allotment option and appoints new director
CAMARILLO, CA, April 11, 2014
CAMARILLO, CA, April 11, 2014 /PRNewswire/ - BNK Petroleum Inc. (the "Company"
or "BNK") (TSX: BKX) is pleased to announce that the syndicate of underwriters
led by Macquarie Capital Markets Canada Ltd. and including GMP Securities
L.P., TD Securities Inc., and Cormark Securities Inc. has exercised its
over-allotment option to purchase an additional 900,000 common shares of the
Company at a price of $2.20 per share for gross proceeds of $1,980,000. The
over-allotment option was granted to the Underwriters in connection with the
previously announced bought-deal, short form prospectus offering which closed
on March26, 2014.
The Company is also pleased to announce that Mrs. Leslie O'Connor has been
appointed as a new director of the Company. Mrs. O'Connor is the Managing
Partner of MHA Petroleum Consultants LLC, a petroleum reservoir management
consulting firm. Mrs. O'Connor has more than 30 years of worldwide petroleum
engineering experience, including property evaluation, reservoir and economic
evaluations, petrophysical studies and expert witness testimonies. Mrs.
O'Connor also held positions with Sproule Associates Inc, Geoquest Reservoir
Technologies, Thums Long Beach Company and Dresser Atlas. She is a member of
the Society of Petroleum Engineers where she is the recipient of the 2014 SPE
Regional Service Award, the SPE 1995 Regional Service Award as well as the
1990 Denver Section Service Award. She has an extended BSc Geology with
Applied Engineering degree from North Arizona University as well as Graduate
Studies in Petroleum Engineering from the Colorado School of Mines.
Ford Nicholson, Chairman of the Board commented "We are very pleased to have
someone of Leslie's caliber and experience join ourteam. I believe her
experience will be a tremendous benefit to our Company and its stockholders.
We are very excited to welcome Leslie to our Board of Directors."
About BNK Petroleum Inc.
BNK Petroleum Inc. is an international oil and gas exploration and production
company focused on finding and exploiting large, predominately unconventional
oil and gas resource plays. Through various affiliates and subsidiaries, the
Company owns and operates shale oil and gas properties and concessions in the
United States, Poland and Spain. Additionally the Company is utilizing its
technical and operational expertise to identify and acquire additional
unconventional projects. The Company's shares are traded on the Toronto Stock
Exchange under the stock symbol BKX.
SOURCE BNK Petroleum Inc.
Wolf E. Regener +1 (805) 484-3613
Press spacebar to pause and continue. Press esc to stop.