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BCM Resources Announces C$3.1 Million Private Placement Financing
Proceeds to Drill Thompson Knolls Project Cu-Au-Mo Porphyry in Utah, USA VANCOUVER, BC / ACCESSWIRE / March 21, 2023 / BCM Resources Corporation (TSXV:B), is pl
About this update from Bcm Resources Corporation
[{"type":"text","content":" Proceeds to Drill Thompson Knolls Project Cu-Au-Mo Porphyry in Utah, USA VANCOUVER, BC / ACCESSWIRE / March 21, 2023 / BCM Resources Corporation (TSXV:B), is pleased to announce a non-Brokered private placement financing for proceeds of up to C$3,125,500 through the issuance of up to 12,500,000 units (\"Units\") priced at C$0.25 per Unit. Each Unit is comprised of one common share of the Company (a \"Share\") and one share purchase warrant (a \"Warrant\"). Each whole Warrant entitles the holder to purchase one common share of the Company at a price of C$0.33 for one year from the date of issue. All the securities issuable will be subject to an applicable hold period from the date of issue. Proceeds from the financing, will be used to continue the ongoing drilling and geophysical exploration program, led by the Company's President and CEO, Dr. Sergei Diakov at BCM's Thompson Knolls (TK) Property. Thompson Knolls is a Porphyry Cu-Au-Mo Discovery project located via highway 6-50 in West Central Utah, USA. The financing is subject to approval by the TSX Venture Exchange. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About Thompson Knolls (TK) - Greenfield Porphyry Cu-Au-Mo discovery in Utah BCM Resources Corp has a 100% interest in the TK project, located in west-central Utah, USA. TK is a greenfield discovery of a blind Porphyry Cu-Au-Mo system. TK is well-situated 210 km southwest of the world-class Bingham Canyon porphyry copper-molybdenum-gold mine of Rio Tinto. Discovery hole, TK18-1, intersected a porphyry copper mineralized body of quartz monzonite porphyry (QMP) with locally strong potassic plus quartz-sericite alteration and locally abundant pyrite and lesser oxide copper mineralization. The QMP intruded a pre-mineral body of quartz latite porphyry. This is suggestive of the typical porphyry copper-gold system. TK Phase 3 drilling program of permitted total 7 (seven) drillholes is currently underway intercepting mineralization both in marble-diopside skarns surrounding the QMP intrusion and within the intrusive stockwork itself. The TK Porphyry Cu-Au-Mo system is entirely covered by post mineral fanglomerate creating challenges for better understanding of the system ...