BCM Resources Corp. concludes a financing
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VANCOUVER, BC /ACCESSWIRE/May 2, 2022/ BCM Resources Corporation (TSXV:B), announces the closing of a non-brokered private placement financing for gross proceeds of C$2,200,000 through the issuance of 10,000,000 units (“Units”) at a price of 0, CA$22 per Unit.
Each unit consists of one common share of the Company (a “Share”) and one share purchase warrant (a “Warrant”). Each whole warrant entitles its holder to purchase one common share of the Company at a price of C$0.33 for one year from the date of issue. All securities issuable are subject to a four-month hold period until August 29, 2022. Finder’s fees of up to 5% cash and 5% one-year warrants were paid on certain subscriptions. The private placement is subject to final approval by the TSX Venture Exchange.
Proceeds will be used to fund further exploration to discover the Thompson Knolls Porphyry Cu-Au-Mo system in Utah and G&A expenses.
About BCM Resources Corporation
BCM Resources Corporation is a diversified Canadian mineral exploration company focused on the continued exploration of the Thompson Knolls Porphyry Cu-Au-Mo project, its principal asset. BCM also controls potential copper, gold and molybdenum exploration projects in British Columbia. BCM Resources is managed by experienced and successful board members and advisors. For more information, including area maps, sections and photos, please visit our website at www.bcmresources.com or contact us by email at [email protected].
ON BEHALF OF BCM RESOURCES CORP.
Chairman and Chief Executive Officer and Director
For more information, please contact:
Investor Relations 604-646-0144 ext. 222
Caution Regarding Forward-Looking Statements:
This press release and related text and images on BCM Resource Corporation’s website contain certain “forward-looking statements”, including, but not limited to, statements relating to the interpretation of mineralization potential, results of drilling and assaying, future exploration work and anticipated results of that work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limited to: risks associated with fluctuations in metal prices; uncertainties related to raising sufficient funds to finance the planned works in a timely manner and under acceptable conditions; changes to the planned work resulting from weather, logistical, technical, governmental, social or other factors; the possibility that the results of the work will not meet expectations and realize the perceived potential of the Company’s projects; uncertainties related to the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; the risk of accidents, equipment failures or other unforeseen difficulties or interruptions, and; the possibility of cost overruns or unforeseen expenditures in such exploration programs.
THE SOURCE: BCM Resources Corporation
See the source version on accesswire.com: