Blind Creek – Private Placement Closed
BLIND CREEK RESOURCES LTD. (BCK: TSX-V)
Suite 804 - 750 West Pender Street Vancouver, B.C. V6C 2T7
Telephone: 604-682-2928
www.blindcreekresources.com
BLINDCREEKRESOURCES.com
BCK : TSX.V
BLIND CREEK – PRIVATE PLACEMENT CLOSED
August 31, 2020 - Vancouver, BC – Blind Creek Resources Ltd. (the “Company”) (TSXV: BCK) announces it
has closed a non- brokered private placement raising gross proceeds of $ 740,000. 14,800,000 units (“Unit”)
have been issued at a price of $0.0 5 per each Unit. Each Unit is comprised of one common share and one -half
of one share purchase warrant (“Warrant”). Each whole Warrant is exercisable to purchase one common share
of the Company at a price of $0.10 per share for a period of one year from closing of the financing.
All securities are subject to a four month hold period. Finder’s fees payable in connection with the private
placement total $1 4,700 and 294,000 finder’s warrants. Finder’s warrants are exercisabl e at a price of $0.1 0
into one common share for a period of one year from closing of the financing, all in accordance with the
policies of the TSX Venture Exchange. The proceeds from the private placement will be used for general
working capital and project advancement.
A director, officer and existing control person of the Company purchased a total of 3,600,000 Units of the
private placement. The placement to those persons 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 has relied on exemptions
from the formal valuation and minority shareholder approval require ments 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 th e
consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s
market capitalization (as determined under MI 61-101).
About Blind Creek Resources Ltd
Blind Creek is a Vancouver -based junior resource compan y focused on silver -zinc-lead project acquisition, exploration
and development. The Company's flagship property is the Blende Deposit in north- central Yukon. The property is 100%
owned, winter-road accessible 5,345 ha and situated 63 km northeast of Keno H ill, Yukon. The 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.
The property has had more than $9.2 M in past exploration ($5.2M by Blind Creek); including 25,195 meters of drilling in
132 drill holes.
On Behalf of the Board of Directors
CONTACT INFORMATION
Blind Creek Resources Ltd Corporate Inquiries:
"Glen Macdonald" Dale Dobson: : (604) 682-2928
Mr. Glen C. Macdonald, P. Geo Email: [email protected]
Director
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.