BLUE RIVER RESOURCES LTD. CLOSES PRIVATE PLACEMENT
Vancouver, BC – August 20, 2013 - Blue River Resources Ltd. (the "Company" or "Blue River") (TSX Venture: BXR) (http://www.blueriv.com) is pleased to announce that further to its news release dated July 18, 2013, it has completed the final tranche of a non-brokered private placement of 3,400,000 units at a price of $0.08 per unit, for gross proceeds of approximately $$281,000 (the “Offering”).
The total amount raised under this private placement was $806,800.
Each unit consists of one common share (a “Share”) and one-half of a share purchase warrant (a "Warrant") of the Company. Each full Warrant (a "Warrant") will entitle the holder to purchase an additional Share (a "Warrant Share") of the Company for a period of five (5) years following the date of issuance of the Warrants at a price of $0.15 per Warrant Share.
The Shares and Warrants issued pursuant to the private placement and any Warrant Shares issued on exercise of the Warrants are subject to four-month resale restriction that expires on December 19, 2013.
The proceeds raised will be used for the previously announced exploration and drilling program on the Mazama copper project and for general corporate purposes.
ON BEHALF OF THE BOARD
BLUE RIVER RESOURCES LTD.
/s/ Griffin Jones
For further information contact:
Tel: (604) 682-7339
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.