P.O. Box 48778, Stn. Bentall Centre
BLIND CREEK RESOURCES LTD. P.O. Box 48778, Stn. Bentall Centre Vancouver, British Columbia V7X 1A6
Telephone: 604-669-6463 TSX Venture Exchange Facsimile: 604-669-3041 Trading Symbol: “BCK” Toll Free: 1-800 663-9688
NEWS RELEASE 16-02
Blind Creek Resources Ltd. – Announces Annual General Meeting Results
April 11, 2016
Vancouver, BC – Blind Creek Resources Ltd. (TSX-V: BCK) (the “Company”) shareholders approved all the resolutions put before them at the Company’s Annual General Meeting (the “AGM”) held on April 8, 2016. At the AGM shareholders voted to set the number of directors at three; to elect Andrew H. Rees, Christopher P. Cherry and Thomas Kennedy as directors for the ensuing year; to reappoint Davidson & Company LLP as the Company’s auditors for the ensuing year and to authorized the directors to fix the auditor’s remuneration; and to approve the Company’s Stock Option Plan. The stock option plan is subject to TSX Venture Exchange (the “Exchange”) approval.
Shareholders also passed an ordinary resolution of the disinterested shareholders at the AGM to allow the Company to enter into debt settlement agreements with certain of its creditors. As a result of debt settlement arrangements with J. Frank Callaghan, Mr. Callaghan would directly or indirectly, beneficially own or control more than 20% of the outstanding Common Shares and becoming a new “Control Person” as defined by the policies of the Exchange. The Company would issue Common Shares in the capital of the Company of such number as are necessary to satisfy the aggregate amount of approximately $296,342.74 owed to him by the Company, at a minimum price of no less than $0.05 per share in accordance with the policies of the Exchange. The Common Shares issuable pursuant to the debt settlement transaction will be subject to a 4-month hold period and are subject to receipt of Exchange approval. The Board of Directors would like to thank the shareholders for their ongoing support.
Subsequent to the AGM, the Board of Directors of the Company approved the appointment of Glen Macdonald as an additional director. Mr. Macdonald is a geological consultant with over 35 years’ experience in prospecting, property evaluation, exploration and development of open pit and underground mines. Mr. Macdonald also has mill processing experience as an operator and project manager. He has held numerous positions with public companies listed on the TSX and TSX Venture Exchanges as an officer and a director.
About the Blind Creek Property
Blind Creek Resources Ltd. is a mineral exploration company focused on the identification, acquisition, exploration and development of mineral properties in British Columbia and the Yukon Territory. It is listed on the TSX Venture Exchange, trading under the symbol “BCK.” Since inception, the Company has been focused on completing equity financings to fund its operations, staking the claims comprising the Atlin Property (which includes the Tagish Lake Project and Atlin Project) and Central Yukon Properties (Carlin Gold Project, Keno Silver Project, BCR-Blende Project, Blende-Ocelot Project), and acquiring its interests in the Blende Property.
On Behalf of the Board of Directors of Blind Creek Resources Ltd.
“Thomas Kennedy”
Thomas Kennedy, Chief Executive Officer
For further information please contact:
Christopher P. Cherry, Chief Financial Officer Tel: (604) 669-6463 • Fax: (604) 669-3041
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by these forward-looking statements. These forward looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment. Except as required by applicable law, the Company does not intend to update any of the forward looking statements to conform these statements to actual results.
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 please.