|May 19, 2020|
BLIND CREEK -- APPLIES TO REPRICE WARRANTS AND GRANTS OPTIONS
|May 19, 2020 - Vancouver, BC -- Blind Creek Resources Ltd. (the "Company") (TSXV: BCK) proposes to reprice 2,121,167 warrants which had an original exercise price of $0.35 to $0.05. The warrant expiry date of December 31, 2021 will not change but the warrants will be subject to an acceleration expiry clause whereby if the Company stock closes at $0.065 or higher for any 10 consecutive trading days, the Company will issue a news release stating the exercise period of the warrants is reduced to 30 days. The warrants were originally issued pursuant to a non-brokered private placement of units completed by the Company in three tranches on July 11, 2017, September 20, 2017 and October 19, 2017. The repricing of the warrants is subject to the approval of the TSX Venture Exchange.|
The Company also announces it has granted 1,000,000 stock options with an exercise price of $0.05 to directors, officers, employees and consultants for a period of three years from the date of the grant.
About Blind Creek Resources Ltd
Blind Creek is a Vancouver-based junior resource company focused on lead-zinc-silver 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 Zn-Pb-Ag deposit in Yukon and one of the largest undeveloped Zn-Pb-Ag 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.
On Behalf of the Board of Directors
Blind Creek Resources Ltd Corporate Inquiries:
"Glen Macdonald" Dale Dobson: : (604) 682-2928
Mr. Glen C. Macdonald, P. Geo Email: [email protected]
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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