BCM Resources Corporation Financing
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FOR IMMEDIATE RELEASE
Feb 01, 2017
BCM Resources Corporation Financing
Vancouver, BC - BCM Resources Corporation (TSX-V: B), the “Company” announces that it has
closed a portion of the Nonbrokered private placement financing previously announced on October
17, 2016. The Company issued 850,000 units (“Units”) at a price of $0.10 per unit for gross proceeds
of C $85,000. Each Unit is comprised of one common share of the Company (a “Share”) and one
share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one common
share (“Warrant Share”) of the Company at a price of $0.20 for two years from the date of issue
(Warrants expire January 31, 2019).
All Shares and Warrant Shares are subject to a four month hold period that expires on June 01, 2017.
Proceeds will be used for general working capital purposes including an advancing funds of up to
$15,000 to Inland Explorations Ltd., to cover mineral property payments.
As previously announced, BCM Resources Corp has a pending option agreement to acquire up to
60% interest in Inland’s drill-ready, Thompson Knolls Copper, Gold & Silver Property (“TK Property”)
located in central 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).
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 (anticipated by March 31, 2017) is
subject to receipt of all requisite regulatory and other approvals, including the approval of the TSX
Venture Exchange.
Certain insiders of the Company participated in this private placement, including by way of an
arranged a sale of 500,000 at a price of $0.10 per share through the facilities of the TSX Venture
Exchange. The proceeds from this sale were used to fund the private placement of 500,000 Units of
BCM Resources Corporation at a price of $0.10.
The financing is subject to final approval by the TSX Venture Exchange.
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
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On Behalf of the Board of Directors:
Dale McClanaghan,
President & CEO
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.
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.