Approval of the Consolidation of Common 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
Approval of the Consolidation of Common Shares
December 1, 2014
Vancouver, BC – Blind Creek Resources Ltd. (TSX-V: BCK) (the “Company”) announces that at a Special Meeting of Shareholders held on October 17, 2014, the Company received approval from its shareholders to proceed with the proposed consolidation of its issued and outstanding common shares on the basis of 10 pre-consolidated common shares for one post-consolidated common share.
Commencing at opening on Monday, December 1, 2014, the common shares of the Company will trade on a post-consolidated basis on the TSX Venture Exchange under the same trading symbol “BCK”.
The Company currently has 52,967,740 common shares issued and outstanding and after the consolidation takes effect, the Company will have approximately 5,296,774 common shares issued and outstanding. The number of common shares reserved for issuance by the Company, including common shares reserved for stock options and warrants, will be adjusted to give effect to the consolidation. Any fractional shares of the Company arising from the consolidation will be rounded down to the nearest whole share of the Company.
A letter of transmittal will be sent to shareholders setting out the procedure to be followed by shareholders for use in transmitting their share certificates to the Company’s transfer agent in exchange for new certificates representing the number of common shares to which such shareholder is entitled as a result of the consolidation. A shareholder must deliver or send the letter of transmittal, properly completed and duly executed, together with certificate(s) representing its common shares and all other required documents to the Company’s transfer agent at the address set forth in the letter of transmittal. It is each shareholder’s responsibility to ensure that the letter of transmittal is received by the transfer agent.
Upon return of a properly completed letter of transmittal, together with certificates evidencing the common shares, certificates for the appropriate number of new consolidated common shares will be issued at no charge. Non-registered shareholders should consult with their intermediaries for information on exchanging their common shares pursuant to the Consolidation.
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.