Blackhawk Capital Group BDC, Inc. Announces Termination of Regulation E Offering and Planned Public Offering

NEW YORK, Jan. 21 /PRNewswire-FirstCall/ -- Blackhawk Capital Group BDC, Inc. (OTC Bulletin Board: BHCG), a business development company registered under the Investment Company Act of 1940, as amended ("Blackhawk"), announced it has terminated its $5 million Regulation E offering ("Regulation E Offering") as a result of adverse market conditions for Regulation E offerings.  No shares of Blackhawk's common stock, $.00001 par value per share ("Common Stock") were sold in the Regulation E Offering.  

Blackhawk also announced that it is planning to make a public offering ("Public Offering") of its Common Stock pursuant to an N-2 Registration Statement to be filed with the Securities and Exchange Commission.  Blackhawk plans to raise up to $100 million in its Public Offering in the sale of its shares of Common Stock subject to prevailing market conditions.  Proceeds (less expenses) from the Public Offering will be used for portfolio investments, working capital and operating expenses.  

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security.  The shares of Common Stock will be offered pursuant to an N-2 registration statement to be filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, and Investment Company Act of 1940, as amended.  The securities have not been registered under any state securities laws.  Neither the Securities and Exchange Commission nor any state securities commission has in any way passed upon the merits of, or given approval to, guaranteed or recommended the securities to be offered by Blackhawk or the terms of the offering or has determined that the securities are exempt from registration, or made any finding that the statements in the registration statement are accurate or complete.  

Blackhawk is a business development company registered under the Investment Company Act of 1940, as amended, and was formed in April 2004.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995.  The matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties.  Further information on Blackhawk's risk factors is contained in Blackhawk's quarterly and annual reports filed with the Securities and Exchange Commission.  

CONTACT:

Dr. Craig A. Zabala

President and Chief Executive Officer

(212) 566-8300


SOURCE Blackhawk Capital Group BDC, Inc.




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