CALGARY, ALBERTA–(Marketwired – Nov. 11, 2014) – Blackbird Energy Inc. (TSX VENTURE:BBI) (“Blackbird” or the “Company“) announces it has granted an aggregate of 4,050,000 incentive stock options to certain of its directors, officers, employees and consultants pursuant to the terms of the Company’s stock option plan. Such options are exercisable for five years at the price of $0.405 until November 10, 2019 and are subject to the acceptance of the TSX Venture Exchange.
The options will vest in three equal installments. The first 1/3 shall vest upon grant, the second 1/3 on the first anniversary of the grant of the options, and the final 1/3 on the second anniversary. Any common shares issuable upon exercise will be subject to a four-month hold period expiring on March 10, 2015.
About Blackbird
Blackbird Energy Inc. is an emerging oil and gas exploration company focused on the liquids-rich Montney fairway.
For more information please view our Corporate Presentation at www.blackbirdenergyinc.com
[expand title=”Advisories & Contact”]On behalf of the board of BLACKBIRD ENERGY INC.
Garth Braun, Chief Executive Officer and Director
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 PRESS RELEASE.
Blackbird Energy Inc.
Garth Braun
President and CEO
(587) 538-0383
gbraun@blackbirdenergyinc.com
Blackbird Energy Inc.
Joshua Mann
Vice President, Business Development
(403) 390-2144
josh@blackbirdenergyinc.com
[/expand]