Business
Blackrock Announces $1.0 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2019) - Blackrock Gold Corp. (TSXV: ...
About this update from Blackrock Silver Corp
[{"type":"text","content":"Blackrock Announces $1.0 Million Private PlacementVancouver, British Columbia--(Newsfile Corp. - August 13, 2019) - Blackrock Gold Corp. (TSXV: BRC) (the \"Company\") is pleased to announce a non-brokered private placement (the \"Offering\") of up to 6,250,000 units (the \"Units\") at a price of $0.16 per Unit for gross proceeds of up to $1,000,000. Each Unit is comprised of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.25 per share for a period of three years from the date the Units are issued. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The common shares to be issued under the Offering will have a hold period of four months and one day from the closing. The net proceeds of the Offering will be used by the Company to fund the 2019 drilling program and exploration work on the Company's Silver Cloud property, and general working capital.The Company may pay finder's fees on a portion of the Offering of up to 6% in cash in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the \"Exchange\"). The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.About Blackrock Gold Corp.Blackrock is a junior gold-focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on its Silver Cloud property, a low-sulphidation epithermal gold & silver project located along on the established Northern Nevada Rift gold trend in north-central Nevada.For further information, please contact:Andrew Pollard, Chief Executive OfficerBlackrock Gold Corp.Phone: 604 817-6044Email: [email protected] Ne...