BCK.v Blind Creek investor Callaghan buys one million units
2017-09-22 18:27 ET - News Release
Mr. J. Frank Callaghan, investor, reports
BLIND CREEK EARLY WARNING
Pursuant to the disclosure requirements of applicable securities laws, J. Frank Callaghan of 4395 Prospect Rd., North Vancouver, B.C., V7N 3L8, has provided the following update. On Sept. 20, 2017, he purchased one million units of Blind Creek Resources Ltd. at a price of 20 cents per unit through a private placement transaction. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable to purchase one common share of Blind Creek at a price of 35 cents per share until Sept. 20, 2018. Mr. Callaghan held 9,216,243 shares of Blind Creek prior to the private placement (40.92 per cent of the outstanding shares of Blind Creek) and he held 10,216,243 shares and 500,000 warrants convertible into shares after the private placement (41.54 per cent of the outstanding shares of Blind Creek non-diluted and 42.70 per cent fully diluted assuming exercise of the 500,000 warrants).
Mr. Callaghan now has ownership and control over 10,216,243 shares (41.54 per cent of the outstanding shares of Blind Creek) and 500,000 warrants convertible into 500,000 shares (42.70 per cent of the outstanding shares of Blind Creek assuming exercise of the warrants). The units were purchased through a standard subscription agreement, the material terms of which dealt with the number of units purchased and the purchase price paid by Mr. Callaghan. Mr. Callaghan acquired the securities for investment purposes and may acquire further securities of Blind Creek in the future.
A copy of Mr. Callaghan's early warning report will appear on Blind Creek's profile on SEDAR and may also be obtained by contacting the corporate secretary at 604-638-3946.
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