Blackstone Ventures Inc.

Blackstone Ventures Inc.

August 26, 2011 15:30 ET

Blackstone Announces Debt Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2011) - Blackstone Ventures Inc. (TSX VENTURE:BLV) ("Blackstone" or the "Company") has reached a settlement arrangement with Kima Geological Services Ltd. ("Kima"), a company owned by Dean MacEachern, for the provision of geological and management services.

The Company has agreed to issue to Kima a total of 850,000 common shares at a deemed price of $0.08 per share in settlement of $68,000 of outstanding indebtedness. Shares issued will be subject to a four month hold period.

The debt settlement is subject to the approval of the TSX Venture Exchange.

On behalf of Blackstone Ventures Inc.

David M. Douglas, Chief Financial Officer

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Blackstone Ventures Inc.
    Investor Relations
    604-682-3727 (FAX)