BCM Resources Corporation Announces Financing

Core Viewpoint - BCM Resources Corporation has announced a non-brokered private placement financing to raise gross proceeds of C$7,240,000 through the issuance of 36,200,000 units priced at C$0.20 per unit, which includes common shares and purchase warrants [1]. Financing Details - The financing involves the issuance of 36,200,000 units at a price of C$0.20 per unit, with each unit consisting of one common share and one common share purchase warrant [1]. - Each warrant allows the holder to purchase one common share at a price of C$0.30 for one year from the date of issue [1]. - The financing is subject to approval by the TSX Venture Exchange and includes a four-month hold period for all securities issued [3]. Acceleration Clause - The warrants include an acceleration clause that allows the issuer to accelerate the expiration if the share price reaches C$0.45 or higher for 20 consecutive trading days, with a 30-business-day notice period for expiration [2]. Use of Proceeds - Proceeds from the financing will be allocated for working capital and to continue mineral exploration drilling at the Thompson Knolls Porphyry Cu-Au-Mo discovery project located in West Central Utah, USA [3]. Finder Fees - Any finder fees associated with the financing will be 5% cash and 5% broker warrants of the proceeds raised [3].