CAMARILLO, CA, April 11, 2014 /CNW/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX) is pleased to announce that the syndicate of underwriters
led by Macquarie Capital Markets Canada Ltd. and including GMP
Securities L.P., TD Securities Inc., and Cormark Securities Inc. has
exercised its over-allotment option to purchase an additional 900,000
common shares of the Company at a price of $2.20 per share for gross
proceeds of $1,980,000. The over-allotment option was granted to the
Underwriters in connection with the previously announced bought-deal,
short form prospectus offering which closed on March 26, 2014.
The Company is also pleased to announce that Mrs. Leslie O'Connor has
been appointed as a new director of the Company. Mrs. O'Connor is the
Managing Partner of MHA Petroleum Consultants LLC, a petroleum
reservoir management consulting firm. Mrs. O'Connor has more than 30
years of worldwide petroleum engineering experience, including property
evaluation, reservoir and economic evaluations, petrophysical studies
and expert witness testimonies. Mrs. O'Connor also held positions with
Sproule Associates Inc, Geoquest Reservoir Technologies, Thums Long
Beach Company and Dresser Atlas. She is a member of the Society of
Petroleum Engineers where she is the recipient of the 2014 SPE Regional
Service Award, the SPE 1995 Regional Service Award as well as the 1990
Denver Section Service Award. She has an extended BSc Geology with
Applied Engineering degree from North Arizona University as well as
Graduate Studies in Petroleum Engineering from the Colorado School of
Mines.
Ford Nicholson, Chairman of the Board commented "We are very pleased to
have someone of Leslie's caliber and experience join our team. I
believe her experience will be a tremendous benefit to our Company and
its stockholders. We are very excited to welcome Leslie to our Board
of Directors."
About BNK Petroleum Inc.
BNK Petroleum Inc. is an international oil and gas exploration and
production company focused on finding and exploiting large,
predominately unconventional oil and gas resource plays. Through
various affiliates and subsidiaries, the Company owns and operates
shale oil and gas properties and concessions in the United States,
Poland and Spain. Additionally the Company is utilizing its technical
and operational expertise to identify and acquire additional
unconventional projects. The Company's shares are traded on the Toronto
Stock Exchange under the stock symbol BKX.
SOURCE BNK Petroleum Inc.
<p> Wolf E. Regener +1 (805) 484-3613<br/> Email: <a href="mailto:investorrelations@bnkpetroleum.com">investorrelations@bnkpetroleum.com</a><br/> Website: <a href="http://www.bnkpetroleum.com">www.bnkpetroleum.com</a> </p>