BlackWatch Energy Services Corp.
TSX : BWT

BlackWatch Energy Services Corp.

July 10, 2009 18:10 ET

BlackWatch Energy Services Corp. Closes Equity Financing

CALGARY, ALBERTA--(Marketwire - July 10, 2009) - BlackWatch Energy Services Corp. ("BlackWatch") (TSX:BWT) is pleased to announce that it has completed the previously announced sale of 2,367,348 common shares at $0.15, for total proceeds of approximately $355,102. Over two closings, including the closing announced on June 30, 2009, BlackWatch has issued 66,666,667 common shares for total gross proceeds of approximately $10,000,000. The proceeds of the offering will be applied to its senior debt.

ABOUT BLACKWATCH ENERGY SERVICES CORP.

BlackWatch is a public energy services corporation operating in Western Canada and which trades on the Toronto Stock Exchange (TSX) under the symbol "BWT".

Contact Information

  • BlackWatch Energy Services Corp.
    John R. King
    President and Chief Executive Officer
    (403) 225-3879
    or
    BlackWatch Energy Services Corp.
    300, 855 - 8 Avenue SW
    Calgary, Alberta T2P 3P1
    (403) 366-2066 (FAX)