BRVRF...Blue River investor Martin's holdings increase to 12.8%
2018-03-22 18:46 ET - News Release
Mr. Stephen Martin, a shareholder, reports
STEPHEN MARTIN ANNOUNCES EARLY WARNING REPORT FILING REGARDING SHAREHOLDINGS IN BLUE RIVER RESOURCES LTD.
On Aug. 18, 2017, Stephen Martin purchased 400,000 common shares of Blue River Resources Ltd. on the open market. As a result of this purchase, his holdings increased to approximately 10.0025 per cent of the issued and outstanding shares of the company.
On Feb. 27, 2018, Mr. Martin purchased 500,000 common shares of the company on the open market. This purchase increased his holdings to approximately 12.8 per cent of the total issued and outstanding shares of company.
As of the date of this report, Mr. Martin has approximately 24.55 million common shares of the company, representing approximately 12.8 per cent of the common shares of the company, plus 6.05 million warrants. If the warrants were exercised by Mr. Martin, the total shares held by Mr. Martin would be 30.6 million or 15.4 per cent of the issued and outstanding shares of the company.
The securities were acquired for investment purposes. Mr. Martin may, depending on market and other conditions, increase or decrease his beneficial ownership of or control or direction over the company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
This news release is being disseminated as required by National Instrument 62-103 (the Early Warning System and Related Take-Over Bids and Insider Reporting Issues) in connection with the filing of an early warning report. A copy of the early warning report may be found on SEDAR under the company's profile.
Blue River Resources Receives NI 43-101 Report on Castle Copper Project
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2018) - Blue River Resources Ltd . (TSXV: BXR ) (OTC Pink: BRVRF) (FSE: 0BL) (the "Company") announces that it has received a NI 43-101 report on its 100% owned Castle Copper Project located near Princeton BC.
The report was written by Mr. Sean Butler, P. Geo., and recommends a two phased exploration program consisting of IP geophysics and soil geochemistry in phase 1 and contingent on positive results in Phase 1, 2000 meters of NQ diamond drilling in Phase 2.
The area of interest that the exploration program will focus on is the Christian Creek zone where hole no. BXR 11-9 returned 198 meters of 0.04 % copper from 30 meters to 228 meters.
Several companies are exploring this region for porphyry copper deposits from Copper Mountain Mining and Sego Resources to the south, to Antofagasta Minerals to the north and Kaizen Resources in Aspen Grove BC.
The Company is reviewing additional opportunities in the resource sector as well as the non-resource sector.
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
For further information contact:
Griffin Jones, Tel: (604) 682-7339
BRVRF...Blue River Resources Ltd (CVE:BXR) insider Stephen Edward Martin acquired 577,000 shares of the business’s stock in a transaction on Wednesday, July 4th. The shares were purchased at an average price of C$0.04 per share, with a total value of C$23,080.00.
Blue River Resources stock traded down C$0.01 during trading hours on Thursday, reaching C$0.04. 92,000 shares of the stock were exchanged, compared to its average volume of 505,273. Blue River Resources Ltd has a 52-week low of C$0.01 and a 52-week high of C$0.05.
BRVRF...Blue River Resources Ltd(CVE:BXR) insider Stephen Edward Martin acquired 577,000 shares of the business’s stock in a transaction on Wednesday, July 4th.