BLIND CREEK CLOSES FIRST TRANCHE OF ITS PRIVATE PLACEMENT
Vancouver, B.C., July 12, 2017. Blind Creek Resources Ltd. (BCK: TSX-V) announces that it has closed the first tranche of its private placement previously announced on July 5, 2017. The Company has raised $268,467 through the issuance of 1,342,335 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 July 11, 2018. All securities are subject to a four month hold period expiring November 12, 2017. The Company paid $900 in cash commissions.
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.
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:
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Mr. Brian P. Fowler, P.Geo.
Tel: (604) 617-8191
Mr. Brook Bellian (778) 883-7869
Mr. Nelson Da Silva (604) 722-0041
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.