Black Bear Energy Resources Plc to undertake an Offer for Subscription of 5 million Ordinary 10 pence Shares at a price of 12 pence per share

The Board of Directors of Black Bear Energy Resources Plc has commenced a Subscription of five million Ordinary 10 pence Shares, at a price of 12 pence per Share, plus a 1 for 2 Warrant at 14 pence expiring 31st December 2022, with immediate effect.

Anthony Mason, Founder and CEO of Black Bear Energy Resources commented:¬†¬† ‚ÄúWe are very enthusiastic about moving ahead with this placement.¬† This is a very solid step for Black Bear Energy Resources as we look to commence the work in the Enders Area of Mutual Interest in Michigan and complete the leasing program in East Texas.‚ÄĚ

Black Bear Energy Resources Plc is now trading on the JP Jenkins Matched Bargain trading facility in London.  The indicative price is available on the JP Jenkins website jpjenkins.com.

 

About Black Bear Energy Resources PLC

At Black Bear Energy Resources, our commitment is to deliver a competitive and sustainable rate of return to shareholders via acquisition and environmentally responsible development of oil and natural gas resources vital in moving towards US energy independence.  Black Bear Energy Resources is committed to the preservation of the environment and its impact on society at every step, of every operation.  Sustainability and safety are at the heart of the Company’s ethos.

Black Bear Energy Resources Plc is a UK based company with natural gas and oil assets onshore in the United States. Twitter: @blackbearERplc,  LinkedIn: Black Bear Energy Resources plc; web: blackbearenergyresources.com

 

For further information, please contact:

Black Bear Energy Resources Plc

Market Enquiries                   Richard Hoblyn   +44 (0) 7988 343574  /  Mark Osborn   +44 (0) 7765 686044

London Office     +44 (0) 20 3753 4602 / info@blackbearenergyresources.com

Media Enquiries                     Anne Tawney       1 (832) 725 3224 / info@blackbearenergyresources.com

JP Jenkins Ltd

Veronika Oswald                  +44 (0) 20 7469 0937

Director