Blue Parrot Increases Size of Offering.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) ) is pleased to announce its previously announced private placement was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. and it intends to raise up to an additional $1.1 million by issuing on a private placement basis, up to an additional 2,500,000 flow-through common shares at $0.42 per share for a total issuance of up to 7,500,000 flow-through common shares. Subject to regulatory approval, closing of the financing is expected to occur on or about Tuesday, November 16, 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 from its Bonnie 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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