BCM Resources Closes Financing Proceeds to Drill Greenfield Porphyry Cu-Au-Mo Discovery at Thompson Knolls Project in Utah, USA
BCM Resources Closes Financing
Proceeds to Drill Greenfield Porphyry Cu-Au-Mo Discovery at
Thompson Knolls Project in Utah, USA
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Further to the January 30, 2026
News Release, BCM Resources Corporation (TSXV: B) ("BCM" or the "Company") announces the
completion of the non-brokered private placement. The proceeds of the financing totals
$7,180,000
through the issuance of 35,900,000 units
. Each unit has a
common share at $0.20 per share
together with a
one-year warrant at $0.30 per share
.
The Warrants are subject to an acceleration clause in favor of the Issuer. After four months and one day
from the closing, if the share price is $0.45 or higher for 20 consecutive trading days the Issuer 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 clause.
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.
An Insider of the Company, purchased a total of 4,675,000 units in the amount of $935,000. 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 the
Insider participant.
Total finder's Fees in the amount of $61,250 (5% of some subscriptions) and 306,250 (5% of some
subscriptions) in non-transferable 12-month $0.30 per share broker warrants were paid on the
placement.
The aforementioned accelerator clause is also applicable to the broker warrants.
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 Corporation: 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/283486