Blackrock Gold Corp. (the "Company") is pleased to announce a non-brokered private placement (the "Offering") of 10,416,667 units (the "Units") at a price of C$0.72 per Unit for gross proceeds of C$7,500,000.24. The Company is pleased to advise that Eric Sprott has agreed to purchase C$5 million of the Offering. Each Unit will be comprised of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of C$1.00 for a period of two years from the date the Units are issued. |