Enverus Home docFinder M&A Learn More Videos About Us Contact Us Register

Log In

Username (email)

Password

Remember Me Forgot Password?

or Sign Up Now!

New Search* Back to Results
Note: Only one slide is currently available because you are not currently logged in.

Blackbird Energy Inc | 2018 Strategic Combination - Blackbird & Pipestone | Garth Braun | Page 2 of 11 | October 31, 2024

Save Email Print View in Results

toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "2018 Strategic Combination - Blackbird & Pipestone" View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See Legal Disclaimer.

First Previous Zoom Next Last

1. After adjustment for the proposed 10:1 share consolidation. 2. Pipestone Oil is a wholly-owned subsidiary of CNOR, a private energy investment platform managed by Grafton Asset Management. 3. The new directors and officers of Pipestone Energy are anticipated to contribute an additional amount of equity (up to $4.4 million), on a private placement basis. Superior Market Positioning Material Synergies Attractive Financial Terms Uplifting Transaction Structure All-share combination structured as a plan of arrangement • Pro forma ownership of 45.1% for Blackbird shareholders (or 50.8%, inclusive of all dilutive securities exercised) • Insiders and GMT Capital Corp. (“GMT”), representing 17% ownership of Blackbird, support and will vote in favour of the arrangement • Pipestone Oil will receive 103.75 million common shares of Pipestone Energy (1) (1,037.5 million common shares of Blackbird) • Canadian Non-Operated Resources (“CNOR”) (2) has agreed to support and has approved the transaction Funded growth and increased scale Blackbird Energy Inc. (“Blackbird”) and Pipestone Oil Corp. (“Pipestone Oil”) have agreed to combine to form Pipestone Energy Corp. (“Pipestone Energy”) • Commitment from CNOR to invest $85 million • Commitment from GMT to invest $26 million $111 million Equity Financing (3) • $169 million two-year term loan • $20 million letter of credit facility • $10 million revolving credit facility $199 million Debt Financing 1