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VANCOUVER, April 25, 2018 /CNW/ - (TSXVE: BCK) –
Blind Creek Resources Ltd. ("Blind Creek" or the "Company")
reports the Company has received conditional approval from the TSX
Venture Exchange Inc. (TSX.V) for a Plan of Arrangement (the
"Arrangement") under which the Company proposes to transfer a 100%
interest in its Engineer Gold Mine Project to Engineer Gold Mines
Ltd. ("Engineer Gold"), a newly incorporated wholly-owned
subsidiary in exchange for shares of Engineer Gold which will be
distributed to shareholders of the Company on the basis of one
share of Engineer Gold for each two shares of the Company held.
The Company also reports that a Notice of Special Meeting has
been set for May 22nd,
2018 for shareholder approval of the Arrangement. The
proposed reorganization is subject to shareholder approval by
resolution approved by not less than 66 2/3 % of votes
cast.
About Blind Creek Resources Ltd.
Blind Creek is a Vancouver-based junior resource company
focused on Zn-Pb-Ag project acquisition, exploration and
development in Yukon (Blende
Property) and the Northwest
Territories (AB Property). The Company's flagship property
is the Blende Property in north-central Yukon, the largest carbonate-hosted Zn-Pb-Ag
deposit in Yukon (M. Robinson and C.I. Godwin, Economic Geology
1995). More recently the company has signed an agreement to
acquire a 100% interest in the AB Property, a mid-stage Mississippi
Valley Type (MVT) Zn-Pb exploration property in 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
bfowler@blindcreekresources.com
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 not obtaining court,
Blind Creek shareholders or stock exchange approvals to proceed
with the Arrangement; 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, including, without
limitation, those referred to in the "Risks and Uncertainties"
section of the press release, and elsewhere, 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.