|August 12, 2020|
|Vancouver, Canada -- Blind Creek Resources Ltd. (the "Company") (TSX.V: BCK) is pleased to announce that they have arranged a non-brokered private placement of up to 18,000,000 units, at a price of $0.05 per unit, for gross proceeds of up to $900,000 per a price reservation dated July 13, 2020. Each unit will consist of one common share and one-half of one share purchase warrant with each whole warrant exercisable at $0.10 per share for a period of 30 months from the closing. |
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.
About Blind Creek Resources Ltd
Blind Creek is a Vancouver-based junior resource company focused on silver-zinc-lead project acquisition, exploration and development. The Company's flagship property is the Blende Deposit in north-central Yukon. The property is 100% owned, winter-road accessible 5,345 ha and situated 63 km northeast of Keno Hill, Yukon. The property is the largest carbonate-hosted Ag-Zn-Pb deposit in Yukon and one of the largest undeveloped Ag-Zn-Pb deposits in Western Canada. The property has had more than $9.2 M in past exploration ($5.2M by Blind Creek); including 25,195 meters of drilling in 132 drill holes. To review the 2018 43-101 report, please visit the Company's website www.blindcreekresources.com
On Behalf of the Board of Directors
Blind Creek Resources Ltd
Mr. Glen C. Macdonald, P. Geo
Dale Dobson: : (604) 682-2928
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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