Blende Silver Corp. Private Placement Closed
Blende Silver Corp.
804 –750 WEST PENDER STREET
VANCOUVER, B.C. CANADA V6C 2T7
TELEPHONE: 604-682-2928
FAX: 604-685-6905
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
Blende Silver Corp. Private Placement Closed
August 5, 2022
Vancouver, BC – Blende Silver Corp. (the “Company”) (TSXV: BAG) announces the non-
brokered private placement announced April 26, 2022 is closed. As announced on June 8,
2022, gross proceeds of $278,000 was raised by the issuance of 5,560,000 units (“Unit”) at a
price of $0.05 per Unit. Each Unit is comprised of one common share and one full share
purchase warrant (a “Warrant”). Each Warrant is exercisable to purchase one common share of
the Company at a price of $0.1 0 per share expiring on June 9, 2026. Commissions of $13,600
and 272,000 finders warrants exercisable to purchase one common share of the Company at a
price of $0.10 per share expiring on June 9, 2026 were issued in connection with this tranche.
There was I nsiders participation o f $100,000 in the private placement. Thus t he placement
constitutes a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9
and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special
Transactions (“MI 61-101”) adopted in the Policy. The Company will rely on exemptions from
the formal valuation and minority shareholder approval requirements of MI 61-101 contained in
sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the
placement as neither the fair market value (as determined under MI 61 -101) of the subject
matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved
the relate d parties, will exceed 25% of the Company’s market capitalization (as determined
under MI 61-101).
Proceeds from the private placement will be used to advance the Blende property and for
general working capital.
The private placement is subject to TSX Venture Exchange approval and all securities are
subject to a four month hold period in accordance with the policies of the TSX Venture
Exchange.
TSXV: BAG OTCQB: BAGGF FRA: BCW1
About Blende Silver Corp.
Blende Silver Corp. is a Vancouver -based junior resource company focused on silver -
zinc-lead exploration and development at the company’s flagship Blende Deposit in
north-central Yukon. The 100% owned property is the largest carbonate -hosted Ag-Zn-
Pb deposit in Yukon and one of the largest undeveloped Ag -Zn-Pb deposits in Western
Canada. It is winter -road accessible, 5,345 ha and situated 63 km northeast of Keno
Hill, Yukon. The property has had more than $9.2M in past exploration ($5.2M by
Blende Silver); including 25,195 meters of drilling in 132 drillholes.
For further information please contact:
Blende Silver Corp.
“Andrew H. Rees”
Andrew H. Rees, Director
Tel: 604-505-3739
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe
for securities in the Unit ed States. The securities referred to herein have not been and will not be
registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities
regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold,
directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such
term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an
exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. The TSX Venture Exchange has not reviewed the content of this news release and therefore
does not accept responsibility or liability for the adequacy or accuracy of the contents of this news
release.