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BCM Resources Corp
Symbol C : B
Shares Issued 26,793,511
Close 2017-12-06 C$ 0.12
Recent Sedar Documents

BCM Resources closes private placement for $825,000

2017-12-07 03:28 ET - News Release

Mr. Dale McClanaghan reports

BCM RESOURCES CORPORATION COMPLETES FINANCING

BCM Resources Corp. has closed its non-brokered private placement financing previously announced on Aug. 31, 2017, and most recently updated Nov. 17, 2017. The company issued 11 million units at a price of 7.5 cents per unit for gross proceeds of $825,000. Each unit is composed of one common share of the company and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of 15 cents for two years from the date of issue (warrants expire Dec. 5, 2019).

The warrants are subject to an acceleration right in favour of the company: Should the closing price of the common shares of the company on the TSX Venture Exchange, at any time following the date that is four months after the date of issue be 35 cents or higher for 20 consecutive trading days, the company will be entitled to accelerate the expiration of the warrants to the date that is 30 business days from the date of the issuance of a news release by the company announcing the exercise of the acceleration right.

Finders' fees totalling $25,200 and 320,000 broker warrants were paid to certain finders and comprise 8 per cent in cash and 8 per cent in 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 15 cents, expires Dec. 5, 2019, and is subject to the aforementioned acceleration right.

All shares and warrant shares are subject to a four-month hold period that expires on April 6, 2018. Proceeds will be used for general working capital.

The financing is subject to final approval by the TSX Venture Exchange.

About BCM Resources Corp.

BCM Resources is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing and joint venturing prospective copper, gold and molybdenum exploration projects in British Columbia and Utah. BCM Resources is managed by experienced and successful board members and advisers.

We seek Safe Harbor.

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