Blind Creek Adopts Advance Notice Policy
BLIND CREEK RESOURCES LTD.
610-1100 Melville Street, Vancouver, British Columbia, Canada V6E 4A6
Telephone: 604 669-6463 TSX Venture Exchange Facsimile: 604 669-3041 Trading Symbol: “BCK” Toll Free: 1-800 663-9688
NEWS RELEASE
Blind Creek Adopts Advance Notice Policy
August 21, 2014
Vancouver, BC – Blind Creek Resources Ltd. (TSX-V: BCK) (the “Company”) announces the approval and adoption by its Board of Directors of an advance notice policy (the “Policy”). The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Company is committed to:
(i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy is intended to further these objectives.
The Policy, among other things, includes a provision that requires advance notice to the Company in certain circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company. The Policy fixes a deadline by which director nominations must be submitted to the Company prior to any annual or special meeting of shareholders and sets forth the information that must be included in the notice to the Company. No person will be eligible for election as a director of the Company unless nominated in accordance with the Policy.
In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting; provided, however, that, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.
In the case of a special meeting of shareholders called for the purpose of electing directors (whether or not called for other purposes), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.
The full text of the Policy is available under the Company's profile at www.sedar.com.
The Policy is in effect as at August 18, 2014. Pursuant to the terms of the Policy, the Company will seek shareholder ratification of the Policy by ordinary resolution at its next annual general and special meeting of shareholders (the "Meeting"). If the Policy is not confirmed at the Meeting, the Policy will terminate and be of no further force and effect following the termination of the Meeting. Approval of the alteration of the Articles of the Company by the addition of provisions requiring advance notice of director nominees from shareholders shall be also be sought from shareholders of the Company at the next meeting of shareholders by ordinary resolution.
About the Blind Creek Property
The Blind Creek property is situated adjacent to BCGold’s 100% owned historic Engineer Mine property, located 32 km southwest of Atlin, B.C. The 1,105 ha property overlays the southeastern extensions of two shear structures (Shear A and Shear B) that are known to host broad zones of gold-bearing hydrothermal breccias on the Engineer Mine property. The Blind Creek property also partially overlays an untested 250-m wide, circular magnetic high and coincidental gold and arsenic-in-soil anomaly, flanked by a 1,000-m-long resistivity high and occurring at the intersection of the Shear A and Shear B structures. These features are believed to represent a near-surface intrusion and gold-bearing alteration envelope, and possible core of the Engineer Mine epithermal gold mineralizing system.
BCGold field crews will conduct a limited summer work program of additional soil sampling, geological mapping and prospecting, to further qualify the nature of these anomalies later this summer. BCGold is positioning itself to drill test this target when better market conditions prevail.
On behalf of the Board of Directors,
/s/ J. Frank Callaghan
J. Frank Callaghan President and CEO
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.