BCM Resources Closes Financing Proceeds to Drill Greenfield Porphyry Cu-Au-Mo Discovery at Thompson Knolls Project in Utah, USA
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BCM Resources Closes Financing
Proceeds to Drill Greenfield Porphyry Cu-Au-Mo Discovery at Thompson Knolls Project in Utah, USA
Vancouver, BC, May 11, 2023 - Further to the March 21, 2023 News Release the company announces
the completion of the non-brokered private placement. The proceeds of the financing totals $2,718,367
through the issuance of 10,873,468 units. Each unit has a common share at $0.25 per share together
with a one-year warrant at $0.33 per share.
All the securities issued are subject to a four-month hold period from the date of issue.
Proceeds from the financing will be used for general corporate purposes and to continue the ongoing
drilling program at the Thompson Knolls is a Porphyry Cu-Au-Mo Discovery project.
The Company has relied on the exemptions from the valuation and minority shareholder approval
requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of any
Insider participants. No Finder’s Fees were paid on this placement and the placement is subject to Final
Approval by the TSX Venture Exchange.
ON BEHALF OF BCM RESOURCES CORP.
“Dale McClanaghan”
CFO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations,
Telephone: 1 (604) 646-0144, ext. 222
www.bcmresources.com
Caution Concerning Forward-Looking Statements:
This news release and related texts and images on BCM Resource Corporatio: website contain certain
“forward-looking statements” including, but not limited to, statements relating to interpretation of
mineralization potential, drilling and assay results, future exploration work, and the anticipated results
of this work. Forward-looking statements are statements that are not historical facts and are subject to
a variety of risks and uncertainties which could cause actual events or results to differ materially from
those reflected in the forward-looking statements, including,; uncertainties related to raising sufficient
financing to fund the planned work in a timely manner and on acceptable terms; changes in planned
work resulting from weather, technical, governmental, or other factors; the possibility that results of
work will not fulfill expectations and realize the perceived potential of the company’s projects;
uncertainties involved in the interpretation of sampling and drilling results and other tests; the
possibility that required permits and access agreements may not be obtained in a timely manner; risk of
accidents, equipment breakdowns or other unanticipated difficulties or interruptions, and; the
possibility of cost overruns or unanticipated expenses in these exploration programs.