BC MOLY Ltd. Announces Debt Settlement
BC MOLY LTD. ANNOUNCES DEBT SETTLEMENT
Burnaby, British Columbia – December 30, 2021 – BC Moly Ltd. (NEX: BM.H) (the “Company” or “BC
Moly”) announces that it has agreed to settle an aggregate of $1,110,417.39 of indebtedness owed to a
non-arm’s length creditor through the issuance of 19,740,754 common shares (“Common Shares”) of the
Company at a price of $0.05625 per Common Share (the “Debt Settlement”). All Common Shares issued
in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from
the date of issuance in accordance with applicable securities legislation.
The Debt Settlement constitutes a “related party transaction” as defined in Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special Transactions (“MI 61-101”), as an insider of the Company
will acquire 19,740,754 Common Shares. The Company is relying on exemptions from the valuation and
minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b), 5.5(g) and 5.7(l)(e)
of MI 61-101, as the Company is not listed on a specified market and the Company is in financial hardship.
The Company will be filing a material change report in respect of the related party transaction on SEDAR
less than 21 days prior to the closing of the Debt Settlement due to the fact that the Company wished to
settle the debt as soon as practicable, in the best interests of the Company.
About BC Moly Ltd.:
BC Moly Ltd. is a Canadian mineral exploration company focused on the development of its Storie Property
molybdenum deposit. The Storie Property is situated about 6 km southwest of Cassiar, British Columbia.
Cassiar is located 15 km (by paved road) west of Highway 37 which provides access to Watson Lake,
Yukon, to the north and Dease Lake and Stewart, British Columbia, to the south.
For further information, contact Edward Yurkowski at (604) 833-2006 or [email protected].
On behalf of BC Moly Ltd.
“Edward Yurkowski”
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Edward Yurkowski, President, CEO, CFO and Corporate Secretary
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of
this release. This news release includes certain statements that may be deemed “forward-looking statements”. All statements, other
than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential
mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such,
are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Although the Company
believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters
as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or
business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The
information contained herein is stated as of the current date and subject to change after that date.