VANCOUVER, Sept. 21, 2017 /CNW/ - (TSX-V: BCK) – Blind
Creek Resources Ltd. ("Blind Creek" or the "Company") is
pleased to announce that it has closed a second tranche of its
private placement previously announced on July 5, 2017 and extended on August 15, 2017.
The Company has raised $414,000
through the issuance of 2,070,000 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
September 20, 2018. All
securities are subject to a four month hold period expiring
January 21, 2018. The Company
paid $6,000 in cash commissions. This
is in addition to $268,467 raised
through the issuance of 1,342,335 units previously announced by the
Company in a first tranche closing (see July
12, 2017 news release).
The Company also announces that further to its news releases
dated July 5th and July 12, 2017, the TSX Venture Exchange has
granted an extension to the deadline for filing final documentation
for this private placement to October 20,
2017. 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.