Blind Creek Announces $1 Million Non-Brokered Private Placement
Vancouver, July 5, 2017 - Blind Creek Resources Ltd. (BCK: TSX-V) is pleased to announce a non-brokered private placement of up to $1,000,000 through the issuance of up to 5,000,000 units ("Unit") at a price of $0.20 per each Unit. Each Unit will be comprised of one common share and one-half of one share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to purchase one common share of the Company at a price of $0.35 per share for a period of one year from the date of closing of the financing. The private placement is subject to TSX Venture Exchange approval and all securities are subject to a four month hold period. Finder's fees may be payable in connection with the private placement, all in accordance with the policies of the TSX Venture Exchange.
The proceeds from this financing will be used primarily to provide for costs associated with advancing the Blende and Engineer Mine Properties, and for general working capital.
The Company did not proceed with the non-brokered private placement announced on May 16, 2017.
This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Blind Creek
Blind Creek is a Vancouver-based junior resource company that has been listed on the TSX Venture Exchange for 14 years. The Company's primary focus is zinc-lead silver, and more recently gold and silver exploration and development in British Columbia, Yukon and the Northwest Territories. The Company's flagship property is the Blende Project in north-central Yukon, one of the largest undeveloped zinc-lead-silver deposits in Western Canada. More recently the company has acquired a 100% interest in the historic and fully-permitted Engineer Gold Mine, situated 32 km southwest of Atlin, B.C. While the Company will remain focused on developing its key Blende Project, the Company recently tripled the Engineer Gold Mine property size to 11,556 hectares and is preparing a NI 43-101 technical report. The Company is planning a 2017 work program that is to include soil geochemical surveys, trenching, geological mapping, sampling, diamond drilling and further assessment of small-scale mining and production at the fully permitted mine.
For additional information please visit the company website www.blindcreekresources.com.
On behalf of the Board of Directors, For further information, please contact:
Mr. Brian P. Fowler, P.Geo. Mr. Brook Bellian (778) 883-7869
President Mr. Nelson Da Silva (604) 722-0041
Tel: (604) 617-8191 Corporate Communications
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Blind Creek Resources Ltd. which may cause actual results, performance or achievements of Blind Creek Resources Ltd. to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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