Blind Creek Announces $2 Million Non-Brokered Private Placement
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BLIND CREEK RESOURCES LTD.
804 - 750 West Pender Street Vancouver, B.C. V6C 2T7
www.blindcreekresources.com
Telephone: 604-682-2928
Facsimile: 604-492-1944
TSX Venture Exchange
Trading Symbol: “BCK”
NEWS RELEASE
For Immediate Release
BLIND CREEK ANNOUNCES $2 MILLION NON-BROKERED PRIVATE
PLACEMENT
Vancouver, B.C., May 16 , 2017 . Blind Creek Resources Ltd. (BCK: TSX -V) is pleased to
announce a non -brokered private placement of up to $ 2,000,000 through the issuance of up to
8,000,000 units (“Unit”) at a price of $0. 25 per each Unit . Each Unit will be comprised of one
common share and one-half of one share purchase warrant (a “Warrant”). Each whole Warrant is
exercisable to purchase one common share of the Company at a price of $0. 40 per share for a
period of one year from the date of closing of the financing.
The private placement is subject to TSX Venture Exchange approval and all securities are
subject to a four month hold period. Finder’s fees may be payable in connection with the private
placement, all in accordance with the policies of the TSX Venture Exchange.
The proceeds from this financing will be used primarily to provide for costs associated with
advancing the Blende and Engineer Mine Properties, and for general working capital.
This press release does not constitute an offer of sale of any of the foregoing securities in the
United States. None of the foregoing securities have been and will not be registered under the
U.S. Securities Act of 1933 , as amended (the “1933 Act”) or any applicable state securities laws
and may not be offered or sold in t he United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent
registration or an applicable exemption from such registration requirements. This press release
does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale
of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Blind Creek
Blind Creek is a Vancouver-based junior resource company that has been listed on the TSX
Venture Exchange for 14 years. The Company’s primary focus is zinc -lead silver, and more
recently gold and silver exploration and development in British Columbia, Yukon and the
Northwest Territories. The Company’s flagship property is the Blende Project in north -central
Yukon, one of the largest undeveloped Zn -Pb-Ag deposits in Western Canada. More recently
the company has acquired a 100% interest in the historic and fully -permitted Engineer Gold
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DISSEMINATION IN THE UNITED STATES
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Mine, situated 32 km southwest of Atlin, B.C. While the Company will remain focused on
developing its key Blende Project, the Company recently tripled the Engineer Gold Mine
property size to 11,556 hectares and plans to commence a 2017 work p rogram that is to include
soil geochemical surveys, trenching, geological mapping, sampling, diamond drilling and
preparation of a NI43-101 technical report.
On behalf of the Board of Directors, For further information, please contact:
Mr. Brian P. Fowler, P.Geo. Mr. Brook Bellian (778) 883-7869
President Mr. Nelson Da Silva (604) 722-0041
Tel: (604) 617-8191 Corporate Communications
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. This news release includes certain forward -looking information or forward -
looking statements for the purposes of applicable securities laws. These statements include,
among others, statements with respect to the timing and completion of the work planned for the
Engineer Mine property. 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 differ materially from those anticipated in such
statements. Important f actors that could cause actual results to differ materially from the
Company's expectations include, among others, the timing and completion of the work planned
for the Engineer Mine propert y, the anticipated benefits of the acquisition of the Engineer Min e
and Gold Hill properties to the Company, the timing and success of the Company’s future
exploration and development activities, exploration and development risks, market prices,
exploitation and exploration results, availability of capital and financing, general economic,
market or business conditions, uninsured risks, regulatory changes, defects in title, availability
of personnel, materials and equipment, unanticipated environmental impacts on operations and
other exploration risks detailed herein and from time to time in the filings made by the Company
with securities regulators. In making the forward -looking statements, the Company has applied
several material assumptions including, but not limited to, the assumptions that the work
planned for the Engi neer Mine property will proceed as planned, the anticipated benefits of the
acquisition of the Engineer Mine and Gold Hill properties will be realized, the proposed
exploration and development of the Company’s mineral projects will proceed as planned, market
fundamentals will result in sustained metals and mineral prices, and any additional financing
needed will be available on reasonable terms. The Company expressly disclaims any intention or
obligation to update or revise any forward -looking statements wh ether as a result of new
information, future events or otherwise except as otherwise required by applicable securities
legislation.