Blue River Announces Private Placement Offering
VANCOUVER, Canada – Blue River Resources Ltd. (BXR:TSX.V) announces a private placement offering of units to raise proceeds of up to $500,000 at a price of $0.035 per unit. Each unit will be comprised of one common share and one full share purchase warrant, whereby each whole warrant will be exercisable at $0.06 per share for a period of two years from closing of the offering. The Company is applying to the TSX Venture Exchange for a waiver of the Exchange’s $0.05 minimum pricing requirement.
If fully subscribed, the proposed use of proceeds of the private placement will be as follows:
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Corporate finance fee $50,000 |
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Pay existing accounts payable $38,000 |
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Pay for exploration program and report on Banlung Property Cambodia and NI 43-101 report. $200,000 |
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TSX Venture sustaining and filing fees $10,000 |
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Transfer agent fees $10,000 |
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To meet and maintain property obligations $100,000 |
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Audit fees for 2017 $22,000 |
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Legal fees for 2017 $20,000 |
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Working capital $50,000 |
Neither 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.
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.com
The private placement offering is subject to acceptance for filing by the TSX Venture Exchange.
For further information, please contact:
Blue River Resources Ltd.
Griffin V. Jones, CEO
604.682.7339
griff@blueriv.com
Neither 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 press release.