BCM Resources Corporation Arranges Shares for Debt
06 October 2012 - 6:26AM
Marketwired Canada
BCM Resources Corporation (TSX VENTURE:B) the "Company" announces that it has
arranged to settle the outstanding debt owed to certain arms-length service
providers by issuing an aggregate of 1,101,500 common shares at a deemed price
of $0.10 Cdn. per common share. The amount of indebtedness settled by this
arrangement is $110,136 Cdn.
Such arrangement is subject to approval from the TSX Venture Exchange.
The common shares that will be issued in connection with this debt settlement
will be subject to a hold period of four months and one day from issuance. The
amount of shares proposed to be issued for debt have been rounded to the nearest
board lot.
About BCM Resources Corporation
BCM Resources Corp. is a Vancouver-based mineral exploration company, dedicated
to advancing its Shan South molybdenum discovery. The Company is also the holder
of a significant land package of 100% owned mineral claims comprising another
five properties near Terrace, B.C. All of these are considered to be highly
prospective for molybdenum and other base & precious metals.
On Behalf of the Board of Directors:
Dale McClanaghan, President & CEO
BCM Resources (TSXV:B)
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