VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2013) - Thunderbird Energy Corp. (TSX VENTURE:TBD)(OTCBB:TBDYF) (the "Company") today announced that it will issue 17,922,724 common shares to Sandstorm Metals & Energy Ltd. at a price of $0.142 per share, representing the volume weighted average trading price of the Company's shares on the TSX Venture Exchange during the first 50 trading days of 2013. The shares are being issued in accordance with the terms of an agreement to amend the commodity stream agreement between the Company and Sandstorm. The terms of the amendment, including the proposed share issuance, were originally announced by the Company and Sandstorm in press releases dated February 14, 2012.
Sandstorm now holds approximately 17.1% of the issued and outstanding common shares of the Company on an undiluted basis.
Thunderbird Energy is a Canadian-based oil and gas exploration and production Company with interests in the US Rockies and mid-continent regions.
Caution Regarding Forward-looking information
Information in this news release may constitute forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, expectations, or beliefs as to future events or results are believed to be reasonable based on the information currently available to the Company. The Company does not undertake to update any such forward-looking statements unless required by applicable securities legislation.
Statements including forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results of the Company and its operations to be materially different from estimated costs or results expressed or implied by such forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.