BCM Resources Corporation Announces Financing
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FOR IMMEDIATE RELEASE
April 24, 2017
BCM Resources Corporation Announces Financing
Vancouver, BC - BCM Resources Corporation (TSX-V: B), the “Company” is pleased to announce a
Non-Brokered private placement financing for proceeds of up to C$800,000 through the issuance of up
to 8,000,000 units (“Units”) priced at C$0.10 per Unit. Each Unit is comprised of one common share of
the Company (a “Share”) and one share purchase warrant (a “Warrant”). Each whole Warrant entitles
the holder to purchase one common share of the Company at a price of C$0.20 for two years from the
date of issue.
The Company will pay Finder’s Fees of 8% cash and 8% Broker’s warrants. .
All the securities issuable will be subject to a four-month hold period from the date of issue.
Proceeds from the financing will be allocated toward for general working capital purposes including
costs of maintaining the Company’s mineral tenures, office administration and overhead, legal fees and
auditors fees.
The financing is subject to approval by the TSX Venture Exchange.
Pending Option Agreement
As previously announced, the Company has a Letter of Intent (LOI) with Inland Explorations Ltd., a
private BC company (“Inland”), for an option to acquire up to a 60% interest in the drill-ready Thompson
Knolls Copper, Gold & Silver Property (“TK Property”) located in western Utah’s Great Basin, one of the
premier metallogenic provinces in the world. The TK Property is located in Millard County, Utah and
consists of 125 federal unpatented mineral claims and two State Section Leases, comprising 3,465
acres (1,402 ha).
Under the terms of the LOI, BCM has the option to earn a 51% interest within 4 years by incurring total
property expenditures of C$3.5 million, issuing to Inland a total of 2.6 million shares in the Company,
and making total cash payments of C$250,000, as well as posting any required exploration bonds and
paying all annual property and permit related expenses. Fifty thousand dollars (C$50,000) and 450,000
shares shall be due on Closing with the balance of property expenditures, cash and share payments
staged over a four year period.
Upon BCM earning a 51% interest, the Company shall have the option to increase its interest in the TK
Property by an additional 9% to 60% by spending an additional $5M on the TK Property and delivering
a pre-feasibility level study on the property with 2 years.
Inland Explorations Ltd. (“Inland”), a non-reporting issuer, is related to the Company by way of three
common directors, all of whom hold shares in Inland and two of which are officers of both companies.
The proposed Option Agreement is non arm’s length and Closing (on or before September 30, 2017) is
subject to receipt of all requisite regulatory and other approvals, including the approval of the TSX
Venture Exchange.
The Thompson Knolls Property
The drill-ready Thompson Knolls Copper-Gold target is located in Western Utah, approximately 200 km
SW of Kennecott Copper's Bingham Canyon Mine, accessible on all season roads. Thompson Knolls
hosts a robust Copper-Gold porphyry target, several Copper-Gold skarn targets and an excellent distal
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disseminated Gold-Silver target. Drill pad locations and drill holes for both the Copper-Gold porphyry
and the distal disseminated Gold-Silver targets have been approved in principle, subject to final
bonding. There are two water wells on the property. The town of Baker Nevada is located 21 miles to
the West and the area has all the requisite people/services/products required to support a major
exploration drilling program at Thompson Knolls.
VP Exploration and Director, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a
“qualified person” for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral
Properties, has verified and approved the information contained in this news release, and evaluated the
interpretations contained in this news release.
About BCM Resources Corporation
BCM Resources Corporation 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 advisors. For further information, including area maps, sections, and
photos, please visit our web site at www.bcmresources.com or contact us by e-mail at
On Behalf of the Board of Directors:
Dale McClanaghan,
President & Chief Executive Officer
For further information please contact:
Investor Relations,
Telephone: 1 (604) 646-0144, ext. 223
www.bcmresources.com
Caution Concerning Forward-Looking Statements
This news release and related texts and images on BCM Resource Corporation’s 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, without limitation: risks related to
fluctuations in metals prices; 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,
logistical, technical, governmental, social, 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; the possibility of cost overruns or
unanticipated expenses in these work programs.
Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions
of management on the date the statements are made. There can be no assurance that such statements
will prove accurate. Actual results may differ materially from those anticipated or projected. BCM
Resources Corporation undertakes no obligation to update these forward-looking statements if
management's beliefs, estimates, opinions, or other factors, should change.
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This news release and the information contained herein does not constitute an offer of securities for
sale in the United States and securities may not be offered or sold in the United States absent
registration or exemption from registration.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDERS (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.