Business
Blackrock Announces Increase of Private Placement to Cdn$4.5 Million
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Blackrock Gold Corp. (TSXV: BRC...
About this update from Blackrock Silver Corp
[{"type":"text","content":"Blackrock Announces Increase of Private Placement to Cdn$4.5 MillionVancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Blackrock Gold Corp. (TSXV: BRC) (the \"Company\") is pleased to announce that, due to demand from potential investors, its non-brokered private placement announced on May 8, 2020, has been increased by Cdn$1,750,000 (or 8,750,000 units) to up to 22,500,000 units (the \"Units\") at a price of $0.20 per Unit for gross proceeds of Cdn$4,500,000 (the \"Offering\"). Each Unit is comprised of one common share and one-half of one common 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 $0.30 per share for a period of three years from the date the Units are issued. The terms of the Offering and the Units, the proposed use of proceeds, possible finders' fees, and some anticipated insider placees are otherwise as previously disclosed.The Offering is scheduled to close on or about May 27, 2020, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.NO U.S. REGISTRATIONThe securities referred to in this news release 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 applicable securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States unless registered under the U.S. Securities Act and any other applicable securities laws of the United States or an exemption from such registration requirements is available. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States.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 Nevada portfolio consisting of low-sulphidation epithermal gold & silver projects located along on the established Northern Nevada Rift in north-central Nevada,...