Thunderbird Energy Corp.: 15% Gas Linked Debenture Listing and New Issue
Published : April 26, 2011
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Keywords :   K Street | Market | Natural Gas | Oil | Utah |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Thunderbird Energy Corp. (News - Market indicators) (FRANKFURT:M2Y) (the "Company") today announced that its 15% Gas Linked Debentures (the "Debentures") have been listed for trading on the TSX-V effective April 26, 2011 under the trading symbol "TBD.DB". Up to $10 million principal amount of Debentures are authorized of which $7.5 million were issued in 2010. The Company is currently conducting a non-brokered financing of up to $2.5 million principal amount of additional Debentures.

The Debentures are due October 31, 2013 and earn a base interest rate of 15% per annum, with quarterly rate adjustments whereby the interest rate payable will be increased by one percent (1%) for each $0.50 increase in the average price of natural gas (Henry Hub) above $5.00, subject to a maximum of 25%. Interest will be payable fifty percent (50%) in cash and fifty percent (50%) in common shares of Thunderbird.

Purchasers of the Debentures will also receive three year warrants to purchase additional common shares of Thunderbird on the basis of one warrant for every $0.50 principal amount of Debentures purchased. The warrants will be exercisable at a price of $0.30 in year one, $0.40 in year two and $0.50 in year three. 

Although the financing is non-brokered, Thunderbird will pay a commission to agents that arrange for the sale of Debentures equal to 7.5% of the gross proceeds raised. Agents will also receive warrants to purchase additional shares of the Company at a price of $0.20 until October 31, 2013. The number of warrants to be issued will be determined by dividing 10% of the proceeds raised by $0.20. 

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 light oil exploration project in Weston County Wyoming.

Caution Regarding Forward- looking information

Statements including forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results of the Company and its operations to be materially different from estimated costs or results expressed or implied by such forward-looking statements. 

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information. 

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or the adequacy of this press release.

Thunderbird Energy Corp.
Cam White
CEO
604-707-0373
cwhite@thunderbirdenergy.com
or
Thunderbird Energy Corp.
847 Hamilton Street
Vancouver, B.C. V6B 2R7
or
Thunderbird Energy Corp.
Rick J. Ironside, P. Eng MBA
President and Chief Operating Officer
403-453-1608
rironside@thunderbirdenergy.com
www.thunderbirdenergy.com
or
Thunderbird Energy Corp.
1010 1st Street S.W. Suite 550
Calgary, Alberta T2R 1K4

Thunderbird Energy Corp.

CODE : TBD.V
ISIN : CA3827351089
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Thunderbird Energy is a gold exploration company based in Canada.

Thunderbird Energy holds various exploration projects in USA.

Its main exploration property is WORLDBEATER in USA.

Thunderbird Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 16.0 millions as of today (US$ 15.4 millions, € 11.2 millions).

Its stock quote reached its highest recent level on December 09, 2002 at CA$ 1.00, and its lowest recent point on October 23, 2013 at CA$ 0.01.

Thunderbird Energy has 106 646 000 shares outstanding.

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Nominations of Thunderbird Energy Corp.
6/22/2011Appoints Barry Brumwell as Vice President of Operations
5/16/2011Alan J. Walker Appointed to Thunderbird Energy Board of Dire...
Corporate news of Thunderbird Energy Corp.
6/1/2013Reports Year Ended January 31, 2013 Filings
5/16/2013Corporate Update
5/16/2013Corporate Update
3/28/2013Issues Shares to Sandstorm
10/9/2012Gordon Creek Completion Program Update
7/13/2011Announces US$25 Million Energy Stream Agreement With Sandsto...
5/24/2011Announces Niobrara Oil Test Well
4/26/201115% Gas Linked Debenture Listing and New Issue
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TSX-V (TBD.V)FRANKFURT (M2Y.F)
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