CALGARY, ALBERTA--(Marketwired - Sept. 27, 2013) - Blackdog Resources Ltd. ("Blackdog" or the "Company") (TSX VENTURE:DOG) is pleased to provide an update on the Company's planned acquisitions of two light oil properties in Northern Alberta (the "Properties") for $13,000,000, as announced on August 30, 2013.
The Company has reviewed and continues to review multiple financing proposals to secure the required funding to purchase the Properties. The Company will provide a further updated on its definitive financing plan when it has finalized its decision.
Blackdog Resources Ltd. is a junior oil and gas Company focused on the development of light oil properties in South East Saskatchewan and Alberta. The Company currently has 27,166,162 common shares outstanding.
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 the accuracy of this release.
Certain information regarding Blackdog in this news release, including, whether the acquisition of the Properties will be completed, as well as whether a definitive financing plan will be reached may constitute forward looking statements under applicable securities laws. Such forward-looking statements necessarily involve a number of substantial known and unknown risks including, without limitation, risks associated with loss of markets, volatility of commodity prices and ability to secure sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing factors are not exhaustive. Additional information on these and other factors that could affect Blackdog's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements or information contained in this news release are made as of the date hereof and Blackdog does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.