Core Viewpoint - BCM Resources Corporation has successfully completed a non-brokered private placement, raising a total of $7,180,000 through the issuance of 35,900,000 units, each priced at $0.20 per share, along with a one-year warrant at $0.30 per share [1]. Financing Details - The financing proceeds will be allocated for general corporate purposes and to support the ongoing drilling program at the Thompson Knolls project, which is a Porphyry Cu-Au-Mo discovery [3]. - An insider of the company purchased 4,675,000 units for a total of $935,000, utilizing exemptions from certain regulatory requirements [3]. Warrant and Fees Information - The warrants issued are subject to an acceleration clause, allowing the issuer to accelerate expiration if the share price reaches $0.45 or higher for 20 consecutive trading days [2]. - Total finder's fees amount to $61,250, and additional non-transferable broker warrants were issued [4]. - The placement is pending final approval from the TSX Venture Exchange [4].
BCM Resources Closes Financing
TMX Newsfile·2026-02-10 22:30