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QIS Update #21 2013 - September 20th 2013

Included in this update:

  • Blackbird Energy establishes Montney land position in the Greater Karr area of Alberta
  • NTG Clarity receives Purchase Orders for three previously announced LOIs
  • Virtutone Networks announces AGM results



The Small-Cap Conference is set for November 12, 2013 in Vancouver. Registration is now open and investors can sign up to attend the event at Alternatively, you can email us to sign up at As always, it is free to attend for investors and some refreshments will be provided.


We now have most of our presentation times filled and we will be updating the website next week with the full schedule. This is going to be an excellent conference as we have a very solid line up of presenting companies.


Please feel free to email us anytime at or call us at (250) 377-1182. We look forward to your comments, questions, and feedback.


Blackbird Energy Inc. (BBI:TSX-V)
Current Price: $0.085 (coverage commenced Aug 19/11 - $0.18)


Blackbird Energy Inc. has announced that it has established a Montney land position in the Greater Karr area of Alberta through the acquisition of 7,680 net acres of Montney Petroleum & Natural Gas Rights by its wholly-owned subsidiary, Ruger Energy Inc.


Garth Braun, President and CEO of Blackbird stated: These land acquisitions further cement Blackbird's go-forward strategy of originating new oil projects. These Montney lands are going after the same resource that some significant industry players have begun to target such as Shell, EnCana, Kelt Exploration, Canadian International Oil Corp, and Sinopec Daylight Energy. Blackbird specifically focused on the activity currently in the area surrounding these lands by Kelt Exploration and Canadian International Oil Corp. which have drilled a total of 6 wells into what we feel is an analogous pool in the Upper Montney formation. We'd like to highlight that Canadian International Oil Corp. has tested 2 wells: CIOC 16-33 Hz which tested 570 bbl/d and 0.7 mmcf/d and CIOC 5-32 HZ which tested 290 bbl/d and 0.9 mmcf/d and Kelt's initial production from the 16-28 Hz was 534 bbl/d and 3 mmcf/d. The resource we are targeting is the same 38 API oil found in the above wells and furthermore significant infrastructure already exists in the area. We are extremely excited for what lies ahead for Blackbird as we continue to build on our foundation.

Blackbird would also like to announce that Joshua Mann has joined the Company in the capacity of Vice President Business Development. Mr. Mann brings a wealth of capital markets and business development experience through advising companies in the oil & gas, services, technology and agricultural industries. Mr. Mann was formerly an investment banker at Stifel Nicolaus Weisel where during his time with the firm was part of team that assisted corporate issuers in raising over $3 billion in capital.


QIS Capital: Blackbird continues to add to its sizeable land position and has a number of very exciting prospects to develop over the next few years. Management has done a solid job of managing the company’s cash resources and has picked up land at very attractive rates at a time when the industry is struggling. This should bode well for the future growth of Blackbird. Management is committed to building a solid cash flow company and we look forward to a very exciting time over the next few months as drilling plans get underway.


NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.46 (coverage commenced Feb. 4/10 - $0.045)


NTG Clarity Networks Inc. has announced that it has received the Purchase Orders (POs) for three Letters of Intent (LOIs) announced from the end of May to the beginning of June. NTG had completed and billed approximately US$2.7 million of work on these purchase orders to the end of August.


NTG also announces that the Corporation has provided written notice to Debenture holders that the Debentures will be converted into Common Shares effective October 21, 2013 (the Conversion Date). Each holder of Debentures shall be entitled to receive (1) Common Share for each $0.25 of principal amount of Debentures held. These Common Shares are subject to a mandatory four (4) month hold period from the date of closing of the Debenture (that is until November 29th for the holders of the first tranche and December 1st for the holders of the second tranche).


These two announcements will have a positive effect on our revenue and cash flow and will also strengthen our balance sheet with the reduction of debt. said Ashraf Zaghloul, NTG Clarity’s Chairman & CEO.


In an unrelated matter, NTG is continuing work to finalize the PO for the Document of Intent announced in early September for USD $3.64 million. The PO is currently delayed and is not expected to be received until January 2014, the new target date for the work to start.


QIS Capital: The conversion of the debentures will improve NTG Clarity’s balance sheet for year-end financials. We are nearing completion of the company’s third quarter and await results which should be announced in late October or early November. NTG Clarity has experienced significant financial growth over the past 12 months and is on track for record revenues and earnings for 2013.


Virtutone Networks Inc. (VFX:TSX-V)

Current Price: $0.24 (coverage commenced Sep. 9/11 - $0.10)


Virtutone Networks Inc. has announced that at the Annual General Meeting held on September 12th, the Shareholders of Virtutone Networks Inc. unanimously voted to elect Andre Brosseau, Ron Long, Harold Baxandall and re-elect Jason Allen to the board of directors.

About Andre Brosseau:


Chairman and Chief Executive Officer of Avenue Capital Markets, an investment advisory boutique, since 2010. Mr. Brosseau served as President of Blackmont Capital Markets until June 2009 and Chairman of Quebec Capital Markets until May 2010. Prior thereto, Mr. Brosseau was Managing Director, Head of Cash Equities and Co-Head of Global Cash Equities at CIBC World Markets.


About Ron Long:

Vice President of Operations at Greenwell Energy Solutions, a provider of telecommunication and remote communication services, since April 2013. Mr. Long previously served as Vice President of Global Operations for Harris CapRock, a satellite communications provider, from June 1999 to November 2011.


About Harold Baxandall:

Mr. Baxandall recently retired from TELUS Communications after 33 years. Mr. Baxandall has built a strong career at TELUS, most recently as Regional VP, Sales in Partner Solutions (Wholesale).


Given the rapid growth of our company, Virtutone needs a board with direct telecommunications experience and a history of public company development. Collectively, our new members have a huge depth of knowledge in telecommunications and corporate development. These new members will be a key factor in Virtutone’s future success said Jason Allen, Chief Executive Officer of Virtutone. I would also like to thank Randy Matkaluk and Murray Montgomery for 5 years of dedicated service to the company, we greatly appreciate all they have done for the company over the years and wish them all the best in their future endeavours.





Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 794,500 shares of Blackbird Energy Inc., 562,500 shares and $150,000 in convertible debentures and 100,000 options of NTG Clarity Networks Inc., and 923,500 shares of Virtutone Networks Inc. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2013 QIS Capital Corporation.

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Canadian Small Caps

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