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BAM BAM RESOURCES CLOSES OVER-SUBSCRIBED $3.2 MILLION PRIVATE PLACEMENT
VANCOUVER, BC - December 24, 2021- Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) ("Bam Bam" or the "Comp
--->any") is pleased to announce it has closed an over-subscribed non-brokered private placement financing for total gross
---> proceeds of $3,262,099.75 (the "Placement").
The Company has allotted and issued 50,186,150 units (the "Units") at a price of $0.065 per Unit. Each Unit is compris
--->ed of one common share and one transferable warrant ("Warrant"). Each Warrant will entitle the holder to purchase one
--->additional common share for a period of thirty-six (36) months at a price of $0.09 per share, subject to accelerated e
In the event that the Company's common shares trade at a closing price at or greater than $0.125 per share for a perio
--->d of five (5) consecutive trading days, the Company may accelerate the expiry date of the warrants by giving notice to
---> the holders thereof, and in such case, the warrants will expire on the 30th day after the date on which such notice i
--->s given by the Company.
In relation to the Placement, the Company has paid finder's fees of $15,892.50 to an arm's-length party,
The Company will use the proceeds from the Placement towards exploration on its Majuba Hill Property and general worki
--->ng capital. All securities issued are subject to a four-month-and-one-day hold period expiring on April 25, 2022.
About Bam Bam Resources Corp.
Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) is engaged in the identification, review and acquisition o
--->f latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and la
--->ck of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar
--->programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper t
--->o produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and
---> affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA.
--->Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supporti
--->ve of mining operations.
On Behalf of the Board of Bam Bam Resources Corp.
David C. Greenway
President & CEO
For further information, please contact:
VP of Corporate Communications
P: 1 (855) 475-0745
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Cana
--->dian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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