Blackhawk Resource Corp. Receives Waiver of Sponsorship & Updates Pending Application for Conditional Approval on Change of B...
February 24 2014 - 8:00AM
Marketwired
Blackhawk Resource Corp. Receives Waiver of Sponsorship and Updates
Pending Application for Conditional Approval on Change of Business
CALGARY, ALBERTA--(Marketwired - Feb 24, 2014) - Blackhawk
Resource Corp. (the "Corporation" or "Blackhawk")
(TSX-VENTURE:BLR), is pleased to announce that it has received a
waiver of sponsorship in regards to its previously announced
proposed change of business to an investment company (the "Proposed
COB"). The Corporation continues to wait the TSXV conditional
approval of the Proposed COB and expects to receive the conditional
approval for the Proposed COB in the next period. The Corporation
will begin evaluating investment opportunities immediately with its
primary focus will be to seek returns through investments in the
securities of other companies and other assets. No investments will
be made until such TSXV conditional approval is provided.
It is expected that trading in Blackhawk Shares on the TSXV will
resume on Monday February 24, 2014.
Further to the news release of February 21, 3014, Blackhawk is
pleased to announce that W. Scott McGregor will be added to the
Board effective Monday February 24, 2014.
Completion of the Proposed COB is subject to a number of
conditions, including TSXV acceptance and, if required, shareholder
approval.
Investors are cautioned that, except as disclosed in the
Management Information Circular and/or Filing Statement to be
prepared in connection with the Proposed COB any information
released or received with respect to the Proposed COB may not be
accurate or complete and should not be relied upon. Trading in the
securities of the Corporation should be considered highly
speculative.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Blackhawk Resource Corp.Dave AntonyCEO(403)
531-1710dantony@blackhawkcorp.cawww.blackhawkcorp.ca
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