TORONTO, Oct. 15 /CNW/ - Macquarie Group Limited ("Macquarie") announces that, through Macquarie Bank Limited, a wholly-owned subsidiary of Macquarie, it will have ownership of 2,250,000 warrants of Thunderbird Energy Corporation ("Thunderbird"), each convertible into one full common share, once they vest on or about December 14, 2009. These warrants, together with 6,750,000 warrants that have already vested, were acquired through a non-brokered private placement.
After vesting is complete, if Macquarie were to exercise all of above warrants, Macquarie will be deemed to beneficially own 9,000,000 shares in Thunderbird, representing, to the knowledge of Macquarie, 11.83% of the issued and outstanding shares of Thunderbird on a partially-diluted basis.
Macquarie has acquired these warrants for investment purposes only. Macquarie may acquire additional securities if they become available at prices that are attractive to Macquarie.
SOURCE MACQUARIE GROUP
For further information: For further information: please contact Stephen Yan at (212) 231-1310