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B BCM Resources Corp

0.065
0.005 (8.33%)
Last Updated: 14:30:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
BCM Resources Corp TSXV:B TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 8.33% 0.065 0.06 0.065 0.065 0.065 0.065 6,000 14:30:00

BCM Resources Corporation Closes Second Tranche of Financing

05/09/2012 9:13pm

Marketwired Canada


BCM Resources Corporation (TSX VENTURE:B) (the "Company") announces that it has
closed the second tranche of its private placement financing previously
announced on August 28, 2011. The Company issued a total of 500,000 common
shares at a price of $0.10 per share for gross proceeds of C $50,000.


Finder's fees totaling C $2,500 and 25,000 broker warrants were paid to certain
finders and comprise 5% cash and 5% 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$0.15 and expires June 5, 2013.


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 January 6, 2013.


Proceeds will be used for general working capital purposes.

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

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