Blackrock Gold Corp. Announces Settlement of Approximately $882,000 of Outstanding Debt
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
1500 – 409 Granville Street
Vancouver, BC, V6C 1T2
Blackrock Gold Corp. Announces Settlement of Approximately
$882,000 of Outstanding Debt
FOR IMMEDIATE RELEASE TSX-V symbol: BRC
Vancouver, Canada – February 6, 2017 – Blackrock Gold Corp. (“Blackrock” or the
“Company”) (TSXV: BRC) is pleased to announce that the outstanding debt of $882,000 owed
to Silcum Resources Limited and Precious Metals Corporation has been settled. The creditors
have forgiven the outstanding debt in considerat ion of an aggregate payment of $30,000.00 from
the Company. Silcum Resources Limited fo rgave outstanding debt in the amount of
approximately $285,000 upon receipt of $10,000.00. Precious Metals Corporation forgave debt
in the amount of approximately $597,000 upon receipt of $20,000.
Michael O’Connor, CEO, commented “Settling the debt is a very important step forward for the
Company. It is one of a series of actions initiated by the Board of Directors to position Blackrock
to advance its business plan which is focused on the acquisition of quality advanced gold and
silver projects that have near term productio n potential and are located in mining friendly
jurisdictions. Working closely with the members of the Board of Directors, all of whom are very
experienced and well respected mining industry professionals, I believe we can achieve the
Company’s goals”.
For further information, please contact:
Michael E. O’Connor
CEO
Blackrock Gold Corporation
Telephone 604-317-6197
Email [email protected]
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This press release contains forward-looking statements. All statements, other than statements of historical fact,
constitute “forward-looking statements” and include any information that addresses activities, events or
developments that the Company believes, expects or anticipates will or may occur in the future including the
Company’s strategy, plans or future financial or operating performance and other statements that express
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these words or other variations on these words or comparable terminology. These statements, however, are
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, implied by
or projected in the forward-looking information or statements. Important factors that could cause actual results
to differ from these forward-looking statements include bu t are not limited to the ability of the Company to attract
financing and the general market conditions of the industry in which the Company operates and
the other factors discussed in the sections relating to risk factors discussed in the Company’s continuous
disclosure filings on SEDAR.
There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, the reader should not
place any undue reliance on forward-looking information or statements. Except as required by law, the Company
does not intend to revise or update these forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated events.