BCM Resources Corporation (TSX-V: B) is pleased to announce, subject to regulatory approval, that it has increased its non-brokered private placement from $2,750,000 announced March 5, 2007 to $4,000,000. The placement of flow through shares and units is expected to raise up to $2,250,000 in flow-through dollars at a price of $0.90 per share and up to $1,750,000 in units consisting of one common share and one half of a share purchase warrant at $0.80 per unit. One whole warrant plus $1.00 will entitle the holder to purchase one common share for a period of one year. Finder's fees of 7.5% cash and 8% in common shares will be payable. The securities issued are subject to a four month hold period.
$500,000 in flow through shares, on the terms outlined above, was completed March 9, 2007.
Contact:
Dale McClanaghan
President & CEO
604.646.0144
www.bcmresources.com
To receive BCM Resources news releases by e-mail, contact CEO & President Dale McClanaghan at d.mcclan@bcmresources.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.