Shareholder Approval to Amendments to Articles and to Proposal to Consolidate Shares
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
Shareholder Approval to Amendments to Articles and to Proposal to Consolidate Shares
October 24, 2014
Vancouver, BC – Blind Creek Resources Ltd. (TSX-V: BCK) (the “Company”) announces that at its shareholders meeting held on Friday, October 17, 2014, it passed a special resolution to approve the alteration of the Company’s Articles to add advance notice provision to the Articles that requires advance notice to the Company in circumstances where director nominations are made by shareholders of the Company other than pursuant to a proposal or a requisition of shareholders made in accordance with the Business Corporations Act (British Columbia).
Shareholders also passed a special resolution which provides the Board of Directors of the Company with the ability to proceed with a share consolidation on the basis of up to ten (10) pre-consolidated common shares for one (1) post-consolidated common share. The Company plans to proceed with a consolidation of its common shares. The Company and does not intend to change its name in conjunction with the consolidation.
There are currently approximately 52.9 million common shares outstanding. A consolidation on a 10 for one basis would reduce the number of common shares outstanding to approximately 5.29 million. The Board of Directors believes that a reduced number of shares will have numerous benefits, including facilitating corporate finance transactions.
The above-noted proposed amendments to the Articles and the proposed share consolidation are subject to receipt of TSX Venture Exchange approval.
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, /s/ J. Frank Callaghan J. Frank Callaghan President and CEO Some statements in this news release contain forward-looking information or forward-looking statements. These statements include, but are not limited to, statements with respect to future expenditures and exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration, development and production activities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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.