By Laura Lutz
Washington, March 5 - BCM Resources Corp. plans to conduct a C$2.75 million private placement of flow-through shares and units.
The company plans to sell up to C$2 million of flow-through shares at C$0.90 per share and up to C$750,000 of units at C$0.80 per unit.
Each unit will consist of one non flow-through share and one half-share warrant with each whole warrant exercisable at C$1.00 for one year.
Proceeds of the non-brokered deal will be used for exploration at the company's Shan molybdenum property near Terrace, B.C.
| Issuer: | BCM Resources Corp.
|
| Issue: | Flow-through shares and units of one non flow-through share and one half-share warrant
|
| Amount: | C$2.75 million
|
| Agent: | Non-brokered
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| Pricing date: | March 5
|
| Stock symbol: | TSX Venture: B
|
| Stock price: | C$0.82 at close March 2
|
|
|
| Flow-through shares
|
| Amount: | C$2 million
|
| Price: | C$0.90
|
|
|
| Units
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| Amount: | C$750,000
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| Price: | C$0.80
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.00
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