FOR IMMEDIATE RELEASE
January 16, 2012, Vancouver, BC - BCM Resources Corporation (TSX-V: B), the "Company" announces a non-brokered private placement financing for proceeds of up to C$100,000 by issuance of up to 1,000,000 million common shares priced at $0.10 per common share.
Proceeds will be used for general working capital purposes.
The private placement is subject to regulatory approval and all common shares issued will be subject to a four-month hold period from the date of issuance. Finder's fees may be payable in connection with this transaction.
The Company reports that certain directors of the Company have arranged a sale of 250,000 shares at a price of $0.10 per share through the facilities of the TSX Venture Exchange dated January 16, 2013. The proceeds from this sale will be used to fund the private placement of 250,000 common shares of BCM Resources Corporation at a price of $0.10.
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:
President & CEO
(604) 646-0144 ext. 224
For further information please contact:
Telephone: 1 (604) 646-0144, ext. 223
Toll Free: 1 (888) 646-0144, ext. 223
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.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.