FOR IMMEDIATE RELEASE
Vancouver, BC - BCM Resources Corporation (TSX-V: 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:
President & CEO
Telephone: 1 (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.