BLUE RIVER RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT OF UNITS
Vancouver, BC – June 21, 2013 - Blue River Resources Ltd. (the "Company" or "Blue River") (TSX VENTURE: BXR) (http://www.blueriv.com). The Company announces that it will sell, on a private placement basis, up to 12,500,000 units (a "Unit") at a price of $0.08 per Unit, for gross aggregate proceeds of $1,000,000.Each Unit will be comprised of one common share (a "Share") of the Company and one-half of a share purchase warrant (a "Warrant") of the Company; and each full 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.
It is anticipated that 1,550,000 Units will be purchased by Griffin Jones, President and director of the Company, under the private placement.
The Company has received unit subscriptions totaling $505,900 to date.
The Company reserves the right to pay finder's fees to its agents with respect to the private placement in accordance with and subject to TSXV policies.
The Shares and Warrants issued pursuant to the Private Placement and any Warrant Shares issued on exercise of the Warrants are subject to 4-month resale restrictions.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
Griffin Jones President, Director For further information contact: Griffin Jones
Tel: (604) 682-7339 www.Blueriv.comNeither 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.