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Convertible Debenture Financing Completed
Mar 06, 2009 10:56AM
March 6, 2009
Thunderbird Energy Corp.: Convertible Debenture Financing Completed
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2009) - Thunderbird Energy Corp. (TSX VENTURE:TBD) ("Thunderbird" or the "Company") today announced that it has completed the previously announced private placement of $2,000,000 principal amount of two year, 12% convertible debentures. The debentures are convertible into common shares of Thunderbird at a price of $0.15 per share during the first year and $0.25 per share during the second year.
The convertible debentures and any shares that may be issued upon conversion thereof will be subject to hold periods ranging from April 16, 2009 to June 27, 2009.
Thunderbird Energy is a Canadian based oil and gas exploration and production company with interests in the US Rockies and mid-continent regions. Thunderbird's holdings include the Gordon Creek, Utah natural gas field, the Rush County, Kansas light oil project and a 20,000 acre high impact oil and gas exploration project in Weston County, Wyoming.