Thunderbird Energy Raises $2 Million

Thunderbird Energy (OTC Other: TBDYF; TSX-V: TBD) has been provided a US$2 million unsecured, interest-bearing loan.  This loan is related to a larger project financing for which the Company is in discussions and which would provide the Company with the necessary capital to develop its Gordon Creek, Utah natural gas field over the next two years.  To the extent the project financing is completed, the loan would become immediately repayable.  Otherwise, the loan becomes due in one year.

Thunderbird also issued gas linked debentures in the amount of $342,000.

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: