Blue River Resources Ltd. (TSXV:BXR) announced a non-brokered private placement of up to 60,000,000 units at a price of CAD 0.01 per unit for gross proceeds of up to CAD 600,000 on July 6, 2020. Each unit consists of one common share and one half 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 2 years from the date of issuance. The transaction is subject to acceptance by the TSX Venture Exchange. All securities issued are subject to a four-month hold period from the date of issuance.