Blanton Resources Corp. Completes Initial Public Offering
December 22, 2021 – Vancouver, British Columbia. Blanton Resources Corp. (“Blanton”) (CSE: BLTN) is pleased to announce that, it successfully completed its initial public offering (the “IPO”) of 3,500,000 common shares (the “Shares”) of Blanton at a price of $0.10 per Share for total gross proceeds of $350,000 (the “Proceeds”).
Pursuant to the agency agreement dated November 17, 2021, Canaccord Genuity Corp. acted as agent (the “Agent”) for the IPO. Blanton paid to the Agent a cash commission equal to 10% of the Proceeds and granted the Agent and its sub agents non-transferable warrants entitling the Agent and its sub agents to purchase a total of 350,000 Common Shares at a price of $0.10 per Common Share until December 22, 2026. In connection with the IPO, the Agent also received a corporate finance fee.
Blanton’s common shares were listed on the Canadian Securities Exchange (“CSE”) effective December 21, 2021, with its common shares anticipated to commence trading on the CSE on December 23, 2021 under the symbol “BLNT”.
About Blanton
Blanton Resources Corp. is a Vancouver based mineral exploration company focused on base, rare earth elements, precious metals and gems exploration in Canada. The company is currently exploring its Isla Property located in the Nanaimo Mining Division of British Columbia.
The Proceeds will be used by Blanton to fund its exploration program on the Isla Property and for general working capital purposes.
Forward Looking Information
Information set forth in this press release contains forward-looking statements relating to the use of proceeds, are made as of December 22, 2021 and are based on assumptions as of that date. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Blanton cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Blanton’s control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of Blanton to obtain additional financing; Blanton’s limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to Blanton’s Property, fluctuations in currency exchange rates; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in Blanton’s prospectus dated November 17, 2021 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially form the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Blanton undertakes no obligation to publicly update or revise forwardlooking information.
On behalf of the Board of Directors
Michael Dake CEO 604 683-8610