Blue Parrot Completes Private Placement.CALGARY, 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. )(BERLIN:BPX BPX Business Process Expert BPX Business Process eXcellence (Delphi Group event) BPX Burning Plasma Experiment BPX British Petroleum Exploration BPX Broadband Packet Exchange BPX Bus Parcel Express (Canada) ) announces it has completed the second tranche of its previously announced financing and together with the first tranche has raised a total of $2.7 million. The Company has issued an aggregate of 6,046,571 common shares on a flow-through basis Flow-through basis An account for an investment credit to show all income statement benefits of the credit in the year of acquisition, rather than spreading them over the life of the asset. at $0.42 per share and 413,780 units of the Company, each unit consisting of one common share and one warrant to purchase a common share for $0.60 until November 29, 2006. The securities issued under the private placement are subject to a hold period under applicable securities laws of four months. 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. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion