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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: fringe who wrote (25840)2/13/2017 9:50:37 AM
From: Goose94Respond to of 205607
 
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To: fringe who wrote (25840)2/13/2017 12:04:53 PM
From: howestreetbullRespond to of 205607
 
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Blind Creek closes $500,000 private placement

2017-02-10 19:12 ET - News Release

Mr. Thomas Kennedy reports

BLIND CREEK CLOSES PRIVATE PLACEMENT OF COMMON SHARES

Blind Creek Resources Ltd. has closed its previously announced non-brokered private placement of five million common shares in the capital of the company at a price of 10 cents per share to raise gross proceeds of up to $500,000.

In connection with the offering, the company paid eligible finders a cash commission of $8,400 in accordance with the TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws in Canada.

Certain insiders of the company participated in the offering, constituting a related party transaction pursuant to TSX-V Policy 5.9 and Multilateral Instrument 61-101 (protection of minority security holders in special transactions). The company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101, as the fair market value of the transaction did not exceed 25 per cent of the company's market capitalization.

The net proceeds of the offering will be used to advance exploration of the company's properties and for general working capital purposes.

We seek Safe Harbor.

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