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Pipestone completes reverse merger with Blackbird Energy
Pipestone Oil Corp. has closed its previously announced reverse merger with Blackbird Energy, forming a new entity, Pipestone Energy Corp., that trades on the TSX Venture exchange under the symbol PIPE. Concurrent with the transaction, the two companies have closed two separate equity financings totaling $111 million while Pipestone Oil has arranged an additional $198.5 million in debt financing. Blackbird’s existing common share purchase warrants will continue as Pipestone Energy and will retain the trading symbol BBI.WT. Under terms of the merger,......
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