FOR IMMEDIATE RELEASE
(VANCOUVER, BC) British Columbia based BCM Resources Corporation (TSX-V: B) has closed its Initial Public Offering (IPO) and commenced trading on the TSX Venture Exchange.
BCM Resources Corporation is a mineral exploration company with four exploration properties near Terrace, British Columbia. The Company has assembled a first-class technical, financial and management team with a wealth of experience in mineral exploration. President and CEO, Dale McClanaghan, heads up the team.
“Our first four projects are primarily molybdenum-based,” says McClanaghan. ”It is our belief that we are in a secular bull market for commodities and this should last into the next decade.”
“We will continue to look for new base metal and precious metal opportunities as they arise,” he says.
The gross proceeds received by the company for the offering were $1,500,000 (2,000,000 flowthrough common shares at $0.50 per flow-through share and 1,000,000 non-flow-through units at $0.50 per unit. Each unit is comprised of one non-flow-through common share and one-half of a common share purchase warrant. Each whole warrant is exercisable into one common share at $0.75 for a one year period). The company is classified as a ‘Mineral Exploration’ company.
President & CEO
To receive BCM Resources news releases by e-mail, contact CEO & President Dale McClanaghan at email@example.com or call (604)646-
0144. The TSX has neither approved nor disapproved of the information contained herein.
Forward Looking Statements: Statements in this news release are forward-looking statements .Forward-looking statements include without limitation,
statements regarding the company’s plans, goals or objectives and future completion of mine feasibility studies, mine development programs, capital
and operating costs, production, potential mineralization and reserves, exploration results and future plans and objectives of BCM. Forward-looking
statements can generally be identified by the use of forward-looking terminology such as “may,” “will,”, “expect,” “intend,” “estimate,” “anticipate,”
“believe,” or “continues” or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause
actual results to differ materially from expectations include risks associated with mining generally and pre-development stage projects in particular
including but not limited to changes in general economic conditions, litigation, legislative, environmental and other judicial, regulatory, technological
and operational difficulties, labor relations matters, foreign exchange costs & rates. Potential investors should conduct their own investigations as to
the suitability of investing in securities of BCM.