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The Company issued 226,000 Flow-Through Shares at $0.45 per Flow-Through Shares for gross proceeds to the Company of the $101,700. Blackdog intends to use these proceeds to expand its horizontal drilling program in SE Saskatchewan during 2009. The Company paid 7% commission on some of the proceeds of the Offering. The Flow-Through Shares issued pursuant to the Offering are subject to a four month hold period.
This news release may contain statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in the intended use of proceeds or the occurrence of unexpected events. Actual results may differ from the estimates provided by management. Blackdog undertakes no obligation to update or revise any forward-looking statements except as required under applicable securities laws.
SOURCE: Blackdog Resources Ltd.
Blackdog Resources Ltd. David A. Corcoran President (403) 245-1726 Email: davidcor@telus.net Website: www.blackdogresources.com
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