VANCOUVER, Oct. 20, 2017 /CNW/ - (TSX-V: BCK) –
Blind Creek Resources Ltd. ("Blind Creek" or the "Company")
is pleased to announce that it has closed the final tranche of its
private placement previously announced on July 5, 2017 and extended on August 15th and September 20th, 2017.
The Company has raised an additional $176,000 through the issuance of 880,000 units
("Units") at a price of $0.20 per
Unit. Each Unit is 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 expiring October 19,
2018. All securities are subject to a four month hold period
expiring February 20, 2018. The
Company paid $3,000 in cash
commissions.
Blind Creek raised a total of $858,467 in this financing through the issuance
of 4,292,335 units and paid a total of $9,900 in cash commissions. The proceeds from
this financing will be used primarily to provide for costs
associated with advancing the Blende (Zn-Pb-Ag), AB (Zn-Pb) and
Engineer Gold Mine (Au-Ag) Properties, and for general working
capital.
About Blind Creek Resources Ltd.
Blind Creek is a Vancouver-based junior resource company
focused on lead-zinc-silver and gold-silver project acquisition,
exploration and development in Yukon (Blende Property), Northwest Territories (AB Property) and
British Columbia (Engineer Gold
Mine). The Company's flagship property is the Blende Property in
north-central Yukon, one of the
largest undeveloped zinc-lead-silver deposits in Western
Canada. More recently the company has signed an agreement to
acquire a 100% interest in the AB Property (MV-Type Zinc-Lead) in
the Northwest Territories and
purchased the historic and fully-permitted Engineer Gold Mine,
situated 32 km southwest of Atlin,
B.C.
For additional information please visit the company website
www.blindcreekresources.com.
On behalf of the Board of
Directors,
Mr. Brian P. Fowler, P.Geo.
President
Tel: (604) 617-8191
bfowler@blindcreekresources.com
Neither 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.
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.
SOURCE Blind Creek Resources Ltd.
