Blackbird Energy Inc. Announces Appointment of William C. Macdonald to Board of
CALGARY, ALBERTA -- (Marketwired) -- 05/21/14 -- 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.
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.
President and CEO
Blackbird Energy Inc.
Vice President, Business Development
Brisco Capital Partners Corp.
Director of Investor Relations
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