Blast Resources Announces LIFE Offering
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia ‐ Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) is pleased to announce a non-brokered private placement LIFE offering (the “Offering”) for total gross proceeds of a minimum of $600,000 and up to a maximum of $675,000, consisting of a minimum of 4,000,000 units of the Company (each a “Unit“) and up to a maximum of 4,500,000 Units at a price of $0.15 per Unit. Each Unit will be comprised of one common share and one-half of one transferrable common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire an additional common share at a price of $0.25 per common share for a period of two years from the date of issuance, subject to acceleration. The Warrants will be subject to an acceleration right held by the Company, such that if the closing price of the Company’s shares is at or exceeds $0.35 for a period of 10 consecutive trading days, the Company may, at any time after such an occurrence, give written notice (via news release) to the holders of the Warrants that the Warrants will expire at 5:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants and any Warrants that remain unexercised will expire. In connection with the Offering, the Company may pay cash finder’s fees of up to 10% of the gross proceeds raised from the Offering. The proceeds raised from the Offering are expected to be used for exploration expenditures on the Company’s Wales Lake Project and working capital and general corporate purposes including marketing and investor relations services. The Units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) in the provinces of Alberta, British Columbia and Ontario. Pursuant to NI 45-106, the securities forming part of the Units issued to Canadian resident subscribers under the Offering will not be subject to resale restrictions. There is an offering document related to this Offering that can be accessed under the Company’s profile at www.sedarplus.com and at the Company’s website www.blastresources.com. Prospective investors should read this offering document before making an investment decision. The Offering is expected to close on or about February 7, 2025, or such other date that is within 45 days from January 16, 2025, as the Company may agree. The Offering remains subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE. About Blast Resources Inc. Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has an option over a mineral exploration project in Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin. ON BEHALF OF THE BOARD Gary Claytens President and CEO For further information, please contact: E-mail: info@blastresources.com Website: www.blastresources.com Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Offering, the completion of the Offering, the expected closing date of the Offering, the payment of the finder’s fees and use of proceeds from the Offering. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the
Blast Resources Announces Closing of Debt Settlement Transaction
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia ‐ Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) announces that, further to its news release dated November 29, 2024, it has settled $75,000 of indebtedness owed to a certain creditor through the issuance of 1,333,333 common shares at a deemed price of $0.05625 per share. The Company believed it was in the best interests of the Company to complete the debt settlement to preserve the Company’s cash for working capital and improve its financial position by reducing its existing liabilities. All securities issued under the debt settlement are subject to a four-month hold period, expiring April 12, 2025 in accordance with Canadian securities law. About Blast Resources Inc. Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has an option over a mineral exploration project in Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin. ON BEHALF OF THE BOARD Gary Claytens President and CEO For further information, please contact: Blast Resources Inc. E-mail: info@blastresources.com Website: www.blastresources.com Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Blast Resources Announces Debt Settlement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia ‐ Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) announces that it intends to settle outstanding indebtedness in the amount of $75,000 owed to a certain creditor in exchange for the issuance of 1,333,333 common shares at a deemed price of $0.05625 per share. The Company intends to complete the debt settlement to preserve the Company’s cash for working capital and improve its financial position by reducing its existing liabilities. The debt is owed by the Company to a consultant of the Company. The debt settlement is expected to close shortly, subject to customary closing conditions, including, but not limited to, finalizing all contractual documentation and receipt of all applicable regulatory approvals, as applicable, including compliance with the policies of the Canadian Securities Exchange. All securities issued under the debt settlement will be subject to a four-month hold period in accordance with Canadian securities law. About Blast Resources Inc. Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has an option over a mineral exploration project in Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin. ON BEHALF OF THE BOARD Gary Claytens President and CEO For further information, please contact: Blast Resources Inc. E-mail: info@blastresources.com Website: www.blastresources.com Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “intends” “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the completion of the debt settlement. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Blast Resources Closes Second Tranche of Convertible Debenture Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia ‐ Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) announces that, further to its news releases dated July 30, 2024, September 13, 2024 and October 28, 2024, it has closed the second and final tranche of its non-brokered private placement offering (the “Offering”) of non-transferrable unsecured convertible debentures (“Debentures”) for aggregate gross proceeds of $50,000. The Debentures issued under the second tranche bear no interest and mature on May 14, 2025 (the “Maturity Date”). The principal amount of the Debentures issued under the second tranche may, at the holder’s election, at any time before the Maturity Date and subject to the restriction below, be converted into common shares at a price of $0.05 per share (the “Conversion”). The Conversion by holders of Debentures of all or any part of the principal amount of the Debentures issued under the second tranche is restricted and prohibited unless the Company has, by the Maturity Date, completed arm’s length equity financing(s) for minimum gross proceeds of $600,000. Together with the Company’s $100,000 first tranche closing, the Company raised aggregate gross proceeds of $150,000 pursuant to the Offering. The proceeds raised from the Offering are expected to be used for working capital and general corporate purposes. The Debentures issued under the second tranche and any securities issuable upon conversion are subject to a four month hold period expiring on March 15, 2025 in accordance with applicable Canadian securities laws. About Blast Resources Inc. Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has an option over a mineral exploration project in Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin. The properties sit in geographic proximity to the Patterson Lake Corridor which contains two known uranium orebodies. ON BEHALF OF THE BOARD Gary Claytens President and CEO For further information, please contact: Blast Resources Inc. E-mail: info@blastresources.com Website: www.blastresources.com Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements the use of proceeds from the Offering, conversion of the Debentures, and the Company completing arm’s length equity financing(s) for minimum gross proceeds of $600,000. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
Blast Resources Closes First Tranche of Convertible Debenture Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia ‐ Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) announces that, further to its news releases dated July 30, 2024 and September 13, 2024, it has closed the first tranche of its non-brokered private placement offering (the “Offering”) of non-transferrable unsecured convertible debentures (“Debentures”) for aggregate gross proceeds of $100,000. The Company has extended the Offering and anticipates closing the second tranche of the Offering for balance gross proceeds of up to $50,000 by November 12, 2024. The Debentures bear no interest and will mature on April 28, 2025 (the “Maturity Date”). The principal amount of the Debentures may, at the holder’s election, at any time before the Maturity Date and subject to the restriction below, be converted into common shares at a price of $0.05 per share (the “Conversion”). The Conversion by holders of Debentures of all or any part of the principal amount of the Debentures will be restricted and prohibited unless the Company has, within six months following the closing date of the Offering, completed arm’s length equity financing(s) for minimum gross proceeds of $600,000. The proceeds raised from the Offering are expected to be used for working capital and general corporate purposes. The Debentures and any securities issuable upon conversion will be subject to a four month and one day hold period expiring on March 1, 2025 in accordance with applicable Canadian securities laws. About Blast Resources Inc. Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has an option over a mineral exploration project in Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin. The properties sit in geographic proximity to the Patterson Lake Corridor which contains two known Uranium. This area of Saskatchewan is the center of intense geologic exploration over the last couple of years due to the number economic and near economic discoveries of Uranium Oxide(U3O8) and the great grades that are being discovered. ON BEHALF OF THE BOARD Gary Claytens President and CEO For further information, please contact: Blast Resources Inc. E-mail: info@blastresources.com Website: www.blastresources.com Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the closing of a second tranche of the Offering, use of proceeds from the Offering, conversion of the Debentures, and the Company completing arm’s length equity financing(s) for minimum gross proceeds of $600,000. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
Blast Resources Announces Extension of Private Placement of Convertible Debentures
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia ‐ Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) announces that, further to its news release on July 30, 2024, it has extended its non-brokered private placement offering of non-transferrable unsecured convertible debentures (“Debentures”) for aggregate gross proceeds of up to $150,000 (the “Offering”) to October 28, 2024. The Debentures will bear no interest and will mature on the date that is six months from the date of issuance (the “Maturity Date”). The principal amount of the Debentures may, at the holder’s election, at any time before the Maturity Date and subject to the restriction below, be converted into common shares at $0.05 per share (the “Conversion”). The Conversion by holders of Debentures of all or any part of the principal amount of the Debentures will be restricted and prohibited unless the Company has, within six months following the closing date of the Offering, completed arm’s length equity financing(s) for minimum gross proceeds of $600,000. The proceeds raised from the Offering are expected to be used for working capital and general corporate purposes. The Debentures and any securities issuable upon conversion will be subject to a four month and one day hold period in accordance with applicable Canadian securities laws. About Blast Resources Inc. Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has an option over a mineral exploration project in Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin. The properties sit in geographic proximity to the Patterson Lake Corridor which contains two known Uranium. This area of Saskatchewan is the center of intense geologic exploration over the last couple of years due to the number economic and near economic discoveries of Uranium Oxide(U3O8) and the great grades that are being discovered. ON BEHALF OF THE BOARD Gary Claytens President and CEO For further information, please contact: Blast Resources Inc. E-mail: info@blastresources.com Website: www.blastresources.com {00049291:1} Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Offering, use of proceeds from the Offering, conversion of the Debentures, and the Company completing arm’s length equity financing(s) for minimum gross proceeds of $600,000. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
Blast Resources Update on Exploration Events
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia ‐ Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST), the company wishes to announce that it is preparing to mobilize by helicopter an exploration crew on it’s Saskatchewan Uranium exploration property located in the southwestern quarter of the world-famous Athabasca basin. The company has identified by available geophysical data that based on noteworthy subsurface structures the exploration team will concentrate on before the winter sets in. The company will provide an update on this phase of exploration in a month or so once the field data has been assembled. The Company also wishes to announce that it will not be continuing with the Option on the Vernon Hills Cobalt project as preliminary surface evaluation concluded that there is very little chance of their being an economic Cobalt deposit possible at this location. The company’s Management believes that precious exploration funds are better spent on the Athabasca Basin. About Blast Resources Inc. Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has options over mineral exploration projects in Saskatchewan. The project in Saskatchewan is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin. The properties sit in geographic proximity to the Patterson Lake Corridor which contains two known Uranium ore bodies. This area of Saskatchewan is the center of intense geologic exploration over the last couple of years due to the number economic and near economic discoveries of Uranium Oxide(U3O8) and the great grades that are being discovered. ON BEHALF OF THE BOARD Gary Claytens President and CEO For further information, please contact: Blast Resources Inc. E-mail: info@blastresources.com Website: www.blastresources.com Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Offering, use of proceeds from the Offering, conversion of the Debentures, and the Company completing arm’s length equity financing(s) for minimum gross proceeds of $600,000. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and {00047513:1} conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
Blast Resources Announces Private Placement of Convertible Debentures
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia ‐ Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) is pleased to announce a non-brokered private placement offering of non-transferrable unsecured convertible debentures (“Debentures”) for aggregate gross proceeds of up to $150,000 (the “Offering”). The Debentures will bear no interest and will mature on the date that is six months from the date of issuance (the “Maturity Date”). The principal amount of the Debentures may, at the holder’s election, at any time before the Maturity Date and subject to the restriction below, be converted into common shares at $0.05 per share (the “Conversion”). The Conversion by holders of Debentures of all or any part of the principal amount of the Debentures will be restricted and prohibited unless the Company has, within six months following the closing date of the Offering, completed arm’s length equity financing(s) for minimum gross proceeds of $600,000. The proceeds raised from the Offering are expected to be used for working capital and general corporate purposes. The Debentures and any securities issuable upon conversion will be subject to a four month and one day hold period in accordance with applicable Canadian securities laws. About Blast Resources Inc. Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has options over mineral exploration projects in Utah and Saskatchewan. The project in Utah is a hydrothermal, strata‐bound cobalt deposit located in the southern end of Rush Valley in Tooele County, west of the Tintic Mining District, central Utah, U.S. approximately 6 kilometers (km) E of Vernon and 84 km SSE of Salt Lake City. The project in Saskatchewan is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin. The properties sit in geographic proximity to the Patterson Lake Corridor which contains two known Uranium. This area of Saskatchewan is the center of intense geologic exploration over the last couple of years due to the number economic and near economic discoveries of Uranium Oxide(U3O8) and the great grades that are being discovered. ON BEHALF OF THE BOARD Gary Claytens President and CEO {00047513:2} For further information, please contact: Blast Resources Inc. E-mail: info@blastresources.com Website: www.blastresources.com Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Offering, use of proceeds from the Offering, conversion of the Debentures, and the Company completing arm’s length equity financing(s) for minimum gross proceeds of $600,000. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
Blast Resources Announces Option Agreement for Three Uranium Exploration Properties in the Athabasca Basin Region, Saskatchewan
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia — Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) is pleased to announce that it has entered into an option agreement with arm’s length parties (the “Optionors”) pursuant to which the Company was granted the option to acquire a100% interest in three uranium exploration properties in the Athabasca Basin region, northern Saskatchewan. The properties are located near Highway 955 south of Wales Lake, Saskatchewan and sits just outside the southwest margin of the Athabasca Basin. The properties essentially straddle the boundary of the basement Archean rocks within the Lloyd Domain to the northwest and the Clearwater Domain to the southeast. This area of Saskatchewan is the center of intense geologic exploration over the last couple of years due to the number economic and near economic discoveries of Uranium Oxide(U3O8) and the great grades that are being discovered. Key Highlights: Acquisition Details Pursuant to the option agreement, Blast has an option to acquire a 100% undivided interest of all three mineral claims, numbers MC00016507, MC00016514, MC00016517, from the Optionors in consideration for $15,000 in cash and the issuance of 375,000 common shares of the Company, an additional $20,000 cash and 375,000 common shares within one year, an additional $25,000 cash and 375,000 common shares within two years and the Company completing a work program on the property in the amount of $100,000 within six months from the date of the option agreement. The Optionors will retain a 2.5% NSR which can be reduced to 1.5% upon payment of $500,000. Hold Periods The option agreement, and the issuance of the common shares thereunder remain subject to the approval of the Canadian Securities Exchange, if required. All common shares issuable pursuant to the option agreement and will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Qualified Person Statement The scientific and technical information contained in this news release was prepared and approved by Locke Goldsmith, M.Sc., P.Eng., P. Geo., Arctex Engineering Services and who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About Blast Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company also has a mineral exploration project in Utah. The Project is a hydrothermal, strata‐bound cobalt deposit located in the southern end of Rush Valley in Tooele County, west of the Tintic Mining District, central Utah, U.S. approximately 6 kilometers (km) E of Vernon and 84 km SSE of Salt Lake City. ON BEHALF OF THE BOARD Gary Claytens President and CEO For further information, please contact: Blast Resources Inc. E-mail: info@blastresources.com Website: www.blastresources.com Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the private placement, the option agreement and the Company’s exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals. Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
