Blackhawk Resource sells Bodo properties
Blackhawk Resource Corp (C:BLR)
Shares Issued 60,039,144
Last Close7/25/2011
.07
Wednesday July 27 2011 - News Release
Mr. Dave Antony reports
BLACKHAWK RESOURCE CORP. REPORTS SALE OF BODO PROPERTIES
Blackhawk Resource Corp. has signed a purchase and saleagreement related to its Bodo properties. The properties have been sold in twoconcurrent arm's-length transactions to a junior public company and a privatecompany for gross proceeds of $6.8-million.
The corporation still maintains a number of non-operatedproperties in central Alberta and will use the proceeds from the sale to pursueother resource opportunities. The corporation has begun evaluating bothinternational and domestic opportunities.
The transaction is subject to certain standard conditions of adeal of this nature, including regulatory and shareholder approval.