WINNIPEG, MANITOBA -- (Marketwired) -- 09/09/14 -- Bird River Resources Inc. (CSE: BDR) understands that NWest Energy Corp. (NWest) issued a news release yesterday announcing its intention to make an offer to acquire all of the outstanding common shares of Bird River Resources Inc. in exchange for an equal number of shares of NWest Energy Corp., common shares.
Although Nelson Shodine, President, and Ed Thompson, Secretary Treasurer, of BDR did meet with Kevin Aylward, President, and Bill Fleming, CFO, of NWest last week, no understanding was reached and no formal proposal was presented for consideration by BDR's board of directors. Consequently, BDR views their verbal offer as an unsolicited matter as it seemed to provide no benefit whatsoever to BDR's shareholders. BDR's board continues to explore other ways to enhance the Company's value on behalf of its shareholders.
Bird River Resources would also like to announce that it is participating in the drilling of a new well in southwestern Manitoba with its JV partner, Antler River Resources, of Pierson, Manitoba. BDR will have a 5% interest in this new horizontal well which has now been completed and has been cased, cemented and the logs have been sent for analysis before fracking.
About Bird River Resources Inc.
Bird River Resources Inc. is a Winnipeg, Manitoba based resource exploration company which focuses on oil and gas exploration opportunities in southwestern Manitoba. The Company presently holds a 5% gross and a 4% net participation in 12 oil wells of which 10 are producing and several leases in southwestern Manitoba (interest ranges from 25% to 100%). The common shares of the Company trade on the Canadian Securities Exchange under the symbol BDR.
This news release is for information purposes only and no statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities and may contain forward looking statements that are based upon current expectations or beliefs as well as a number of assumptions about future events and words such as may, should, could, will, expect, anticipate, estimate, believe, intend, project should not be taken out of context.
No stock exchange or securities commission has reviewed the adequacy or accuracy of this news release.
Contacts:
Bird River Resources Inc.
Nelson Shodine
President
204-589-2848
shodine@mts.net
