Vancouver, Canada – February 6, 2017 – Blackrock Gold Corp. (“Blackrock” or the “Company”) (TSXV: BRC) is pleased to announce that the outstanding debt of $882,000 owed to Silcum Resources Limited and Precious Metals Corporation has been settled. The creditors have forgiven the outstanding debt in consideration of an aggregate payment of $30,000.00 from the Company. Silcum Resources Limited forgave outstanding debt in the amount of approximately $285,000 upon receipt of $10,000.00. Precious Metals Corporation forgave debt in the amount of approximately $597,000 upon receipt of $20,000.
Michael O’Connor, CEO, commented “Settling the debt is a very important step forward for the Company. It is one of a series of actions initiated by the Board of Directors to position Blackrock to advance its business plan which is focused on the acquisition of quality advanced gold and silver projects that have near term production potential and are located in mining friendly jurisdictions. Working closely with the members of the Board of Directors, all of whom are very experienced and well respected mining industry professionals, I believe we can achieve the Company’s goals”.
For further information, please contact:
Michael E. O’Connor
Blackrock Gold Corporation