Dr. Sergei Diakov reports
BCM RESOURCES CORPORATION ANNOUNCES FINANCING
BCM Resources Corp. has arranged a non-brokered private placement financing for gross proceeds of up to $2,575,000
through the issuance of up to 20.6 million units priced at 12.5 cents per unit. Each unit comprises
one common share of the company and one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the company at a
price of 25 cents for a period of one year from the date of issue.
All the securities issuable will be subject to a four-month hold period from the date of issue. The financing
is subject to approval by the TSX Venture Exchange. The company will not pay any finders' fees in
connection with the offering.
In connection with the offering, BCM has granted subscribers certain rights with respect to the company,
including a pre-emptive right to participate in future equity capital raises to maintain their ownership level
in BCM, subject to certain conditions, so long as the subscriber's ownership level in BCM, calculated on a
basic basis, is not less than 3.0 per cent of the issued and outstanding common shares of the company.
Proceeds from the financing will be used for working capital purposes and to continue work led by the
company's president, Dr. Sergei Diakov, at BCM's Thompson Knolls (TK) property. Thompson Knolls is a
porphyry copper-gold-molybdenum discovery project located in western-central Utah, United States.
About Thompson Knolls greenfield porphyry copper-gold-molybdenum discovery in Utah
BCM Resources owns a 100-per-cent interest in the TK property, located in western-central Utah, United States.
TK is a greenfield discovery by BCM of a blind porphyry copper-gold-molybdenum system, situated 210 kilometres southwest of
the world-class Bingham Canyon porphyry copper-molybdenum-gold mine of Rio Tinto. The project is
located four kilometres south of U.S. Highway 6/50 and 34 kilometres east of the Utah border with Nevada. Discovery hole
TK1 intersected a porphyry-copper-mineralized body of quartz-monzonite-porphyry (QMP) intrusive.
Follow-up drilling of 11 drill holes proved that mineralized porphyry within the Devonian-age carbonate
rocks (limestones and dolomites) also carries substantial copper-gold mineralization in the magnesian
garnet-pyroxene skarns surrounding QMP. The best drill hole to date is TK8, which intercepted a 155.4-metre
interval of mineralized skarn from a depth of 621.8 metres to 777.2 metres with average grade 0.66 per cent copper, 0.12 gram per tonne gold and 7.4 grams per tonne silver, including a 24.3-metre interval containing values greater than 1 per cent copper.
About BCM Resources Corp.
BCM Resources is a diversified Canadian mineral exploration company now focused on
completing phase 1 discovery drilling of the Thompson Knolls property, its key asset. BCM also controls
prospective copper, gold and molybdenum exploration projects in British Columbia. BCM is managed
by experienced and successful board members and advisers.
We seek Safe Harbor.
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