Blue Parrot Announces $2,500,000 Financing.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta -- Blue Parrot Energy Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BPA BPA British Paediatric Association. )(BPX-Berlin) announces it intends to raise up to $2.5 million by issuing, on a private placement basis, up to 5,000,000 flow-through common shares at $0.42 per share and up to 1,000,000 equity units at $0.40 per unit. Each equity unit will consist of one common share and one warrant, each entitling the holder to acquire a common share at $0.60 per share for a period of two years. The Company may conduct the financing with the assistance of an agent. Subject to regulatory approval, closing of the financing is expected to occur by November 15, 2004. It is anticipated that directors and officers of the Company will participate in the financing. The proceeds of the private placement are expected to be used for exploration and development drilling and general corporate purposes. About Blue Parrot Energy Blue Parrot is an oil and natural gas exploration development based in Calgary, Alberta, Canada. The Company is currently producing (210) BOE/D from its Bonnie bon·ny also bon·nie adj. bon·ni·er, bon·ni·est Scots 1. Physically attractive or appealing; pretty. 2. Excellent. Glen oil wells, located near Edmonton, Alberta. Bill Elligson, President The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. |
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