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.