Blanton Resources Corp. announces Private Placement
December 16, 2022 – Vancouver, British Columbia. Blanton Resources Corp. (“Blanton”) (CSE: BLNT) announces that the Company plans to offer, on a private placement basis, up to 3,000,000 common shares at a price of $0.05 per share for total proceeds of up to $150,000 (the “Offering”).
The proceeds of the Offering will be used for general working capital purposes.
Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the Canadian Securities Exchange.
About Blanton
Blanton Resources Corp. is a Vancouver based mineral exploration company focused on base, rare earth elements, precious metals and gems exploration in Canada. The company is currently exploring its Isla Property located in the Nanaimo Mining Division of British Columbia.
On behalf of the Board of Directors
Michael Dake CEO 604 683-8610
Forward Looking Information
Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com.