Bam Bam Resources Closes Oversubscribed $1.4 Million Private Placement
NEWS RELEASE
BAM BAM RESOURCES CLOSES OVERSUBSCRIBED $1.4 MILLION PRIVATE
PLACEMENT
VANCOUVER—February 25, 2020— Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF /
FSE: 4NPA) (“Bam Bam ” or the “Company”) is pleased to announce it has closed an over-
subscribed non-brokered private placement financing for total gross proceeds of $1,403,700
(the “Private Placement”).
The Company has allotted and issued 28,074,000 units (the “ Units”) at a price of $0. 05 per
Unit. Each Unit is comprised of one common share and one warrant (“Warrant”). Each Warrant
will entitle the holder to purchase one additional common share for a period of eighteen (18)
months at a price of $0.08 per share, subject to accelerated expiry.
In the even t that , after four months and one day from closing, the closing price of the
Company’s common shares is at or above $0.20 per s hare for 10 consecutive days, the
Company may provide notice (the “ Acceleration Notice”) to the holders of the Warrants that
the expiry date of the Warrants has been accelerated and that Warrants not exercised within 30
days of the date of the Acceleration Notice will expire 30 days from the date of the Acceleration
Notice.
In relation to the Private Placement , the Company has paid finder’s fees totaling $13,000 and
issued an aggregate 260,000 finder’s warrants to arm’s -length parties, of which 232,000 are
exercisable into Units at price of $0.05 per unit and 28,000 are exercisable into common shares
at a price of $0.08 per share, all valid for a period of up to eighteen (18) months.
The Company will use the proceeds from the Private Placement towards general working
capital. All securities issued are subject to a four -month-and-one-day hold period expiring on
June 26, 2020.
About Bam Bam Resources Corp.
Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NP A) is engaged in the
identification, review and acquisition of latter stage copper and copper/gold assets.
Management has been mandated to focus on safe, mining friendly jurisdictions and government
regulations supportive of mining operations.
On Behalf of the Board of Bam Bam Resources Corp.
“David Greenway”
President & CEO
Corporate Office
310-221 West Esplanade
North Vancouver, BC
V7M 3J3
For further information, please contact:
P: (604) 318-0114
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may contain forward-looking statements based on assumptions and
judgments of management regarding future events or results. Such statements 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. The Company disclaims any intention or
obligation to revise or update such statements.