Blue River Resources Ltd. (TSXV:BXR) announced a non-brokered private placement of up 65,000,000 units at a price of CAD 0.01 per unit for gross proceeds of up to CAD 650,000 on August 25, 2020. Each unit consists of one common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.05 per share for a period of 3 years from the date of issuance. The company may pay a finders fee in connection with this transaction, as permitted by the policies of the TSX Venture Exchange. The transaction is subject to approval by the TSX Venture Exchange. All securities issued are subject to a four-month hold period from the date of issuance.