Blind Creek Resources Ltd. Confirms Dates for Completion of Plan of Arrangement with Engineer Gold Mines Ltd.
Blind Creek Resources Ltd. Confirms Dates for Completion of
Plan of Arrangement with Engineer Gold Mines Ltd.
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED
STATES
/
VANCOUVER
,
May 29, 2018
/CNW/ -
(TSX.V:BCK) –
Blind Creek Resources Ltd. ("
Blind Creek
" or the "
Company
"), further to its press
release of
May 28, 2018
(the "
Prior Press Release
"), wishes to confirm that the effective date for the plan of arrangement (the "
Plan of
Arrangement
") with Engineer Gold Mines Ltd. ("
Engineer Gold Mines
") will occur
June 1, 2018
(the "
Effective Date
"). Shareholders of
record of Blind Creek as of the close of trading on the Effective Date will retain their Blind Creek common shares and be entitled to receive one
Engineer Gold Mines common share for each two Blind Creek common shares held on that day. For more information, see the Company's
Information Circular dated
April 18, 2018
filed under the Company's profile on SEDAR at
www.SEDAR.com
.
For settlement reasons, Blind Creek common shares purchased on or after
May 31, 2018
(the "
Ex-Date
") –
AND NOT
MAY 30, 2018
AS
ANNOUNCED IN THE PRIOR PRESS RELEASE –
will not be eligible to participate in the distribution of Engineer Gold Mines common
shares pursuant to the Plan of Arrangement.
Computershare Investor Services Inc. will forward to each Blind Creek shareholder who is entitled to receive Engineer Gold Mines common
shares, certificates representing their allotted number of such shares in accordance with the Arrangement.
Shareholders should not deliver
certificates for Blind Creek common shares as certificates representing Blind Creek common shares are not being exchanged
pursuant to the Arrangement.
About Engineer Gold Mines Ltd.
Engineer Gold Mines is a wholly owned subsidiary of Blind Creek which was incorporated on
January 16, 2018
to enter into the Arrangement
Agreement with Blind Creek. Following completion of the Arrangement, Engineer Gold Mines will focus on the Engineer Gold Mine project
situated 32 km southwest of
Atlin, B.C
in northern
British Columbia
.
About Blind Creek Resources Ltd.
Blind Creek is a
Vancouver
-based junior resource company focused on lead-zinc-silver and gold-silver project acquisition, exploration and
development in
Yukon
(Blende Property),
Northwest Territories
(AB Property) and
British Columbia
(Engineer Gold Mine). The Company's
flagship property is the Blende Property in north-central Yukon. More recently the company has signed an agreement to acquire a 100% interest
in the AB Property (MV-Type Zinc-Lead) in the Northwest Territories.
For additional information please visit the company website
www.blindcreekresources.com
.
On behalf of the Board of Directors,
Mr.
Brian P. Fowler
, P.Geo.
President
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in the press release constitutes "forward-looking information" and "forward-looking
statements" within the meaning of applicable securities legislation (collectively, "forward-looking information"). The forward-looking information
contained in this press release is based on information available to the Company as of the date of this press release. Except as required under
applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward looking information.
Generally, this forward-looking information can frequently, but not always, be identified by use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved" or the negative connotations thereof.
All statements other than statements of historical fact may be forward-looking statements. Forward-looking information is necessarily based on
estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-
looking information, including but not limited to: risks and uncertainties relating to, among other things, the risk of the Company; the risk of
unexpected tax consequences to the Arrangement, the risk of unanticipated material expenditures required by the Company prior to completion of
the Arrangement; risks of the market valuing Blind Creek and Engineer in a manner not anticipated by the Company; risks relating to the benefits of
the Arrangement not being realized or as anticipated, the inherent uncertainties regarding cost estimates, changes in commodity prices, currency
fluctuation, financing, unanticipated resource grades, infrastructure, results of exploration activities, cost overruns, availability of materials and
equipment, timeliness of government approvals, taxation, political risk and related economic risk and unanticipated environmental impact on
operations, as well as other risks uncertainties and other factors, which may cause the actual results, level of activity, performance or achievements
of the Company to be materially different from those expressed or implied by such forward-looking information.
The Company believes that the expectations reflected in the forward-looking statements and information included in this press release are
reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements and information
should not be unduly relied upon.
The TSXVE has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the
contents of this press release.
Neither the TSXVE nor its Regulation Services Provider (as that term is defined in the policies of the TSXVE) accepts responsibility
for the adequacy or accuracy of this release.
SOURCE
Blind Creek Resources Ltd.
View original content: http://www.newswire.ca/en/releases/archive/May2018/29/c7223.html
%SEDAR: 00030605E
For further information:
MarketSmart Communications Inc., (877) 261 4466, www.marketsmart.ca; Nelson Da Silva - Manager Corporate
Communications, (604) 722-0041
CO: Blind Creek Resources Ltd.
CNW 07:00e 29-MAY-18