BCM Resources Corporation Completes $1.2 Million Financing
21 April 2011 - 8:16AM
Marketwired
BCM Resources Corporation (TSX VENTURE: B), the "Company", is
pleased to announce the completion of its non-brokered private
placement announced March 17, 2011. The Company issued 3,000,000
common shares priced at $0.40 per share for gross proceeds of
C$1,200,000.
Finder's fees totaling C$51,960 and 173,200 broker warrants were
paid to certain finders and comprise 6% cash and 8% broker
warrants, of the amount placed by those finders. Each broker
warrant is exercisable into one common share of the Company at an
exercise price of C$0.40 and expires January 20, 2012.
The common shares issued under this non-brokered private
placement, and the common shares underlying the broker warrants are
subject to a four month hold period that expires on August 21,
2011.
Proceeds will be used to resume diamond drilling exploration
work at the Company's Shan South molybdenum (Mo) discovery and for
general working capital purposes.
About BCM Resources Corporation
BCM Resources Corp. is a Vancouver-based mineral exploration
company, focused on defining the full economic potential of its
Shan South molybdenum discovery. Additionally, the Company has a
significant land package of 100% owned mineral claims comprising
another five, highly-prospective, molybdenum and other base &
precious metals exploration properties located near Terrace,
BC.
On Behalf of the Board of Directors:
Dale McClanaghan, President & CEO
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.
Contacts: BCM Resources Corporation Dale McClanaghan, President
& CEO +1 (604) 646-0144, ext. 224 BCM Resources Corporation
Deborah Goldbloom, Investor Relations 1 (604) 646-0144, ext. 223
Toll Free: 1 (888) 646-0144, ext. 223 info@bcmresources.com
www.bcmresources.com
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