CALGARY, April 11, 2017 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX:NBZ) announces that the annual and special meeting of shareholders of the Company (the "Meeting") scheduled to be held on May 11, 2017 will be rescheduled in view of the announcement by the Company's significant shareholders, NGP IX Northern Blizzard S.à r. l. ("NGP IX") and R/C Canada Coöperatief U.A. ("R/C Canada"), that they have agreed to sell to Waterous Energy Fund all of the common shares of the Company held by them. NGP IX and R/C Canada currently collectively own approximately 67.1% of the issued and outstanding common shares of the Company.
Northern Blizzard will provide an update for the rescheduled Meeting towards the end of May.
Northern Blizzard is a Canadian crude oil production and development company focused on maximizing oil recovery from its large-scale oil resource base. The corporation's operations, infrastructure and concentrated land position are focused in southwest Saskatchewan. Northern Blizzard's common shares trade on the Toronto Stock Exchange under the symbol NBZ.
SOURCE Northern Blizzard Resources Inc.
For further information: For further information about Northern Blizzard Resources Inc., please visit our website at www.northernblizzard.com or contact: Northern Blizzard Resources Inc., Telephone: 403-930-3000; John Rooney, Chairman & Chief Executive Officer; Michael Makinson, Vice President, Finance & Chief Financial Officer