Blue Parrot Energy Inc.

Blue Parrot Energy Inc.

November 07, 2005 17:14 ET

Blue Parrot Announces Private Placement and Extension of Warrants

CALGARY, ALBERTA--(CCNMatthews - Nov. 7, 2005) - Blue Parrot Energy Inc. (TSX VENTURE:BPA) (BERLIN:BPX) announces that it intends to offer for sale on a private placement basis up to 7,000,000 common shares to be issued on a flow-through basis at a price of $0.42 per share. It is anticipated that officers and directors of Blue Parrot will participate in the private placement.

Blue Parrot intends to use the proceeds of this financing for its winter capital expenditure program.

Blue Parrot also announces that it has extended, subject to TSX Venture Exchange approval, the term of certain warrants currently outstanding, entitling holders to acquire 1,000,000 common shares at $0.60 per share. The original expiry date of the warrants was December 21, 2005. The amended warrant expiry date will be March 21, 2006.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Blue Parrot Energy Inc.
    Bill Elligson
    (403) 262-8444