Business
BCM Resources Corporation Issues Shares for Debt
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2016) - BCM Resources Corporation (TSX VENTURE:B), the "Company" announces that following receipt of TSX Ven
About this update from Bcm Resources Corporation
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2016) - BCM Resources Corporation (TSX VENTURE:B), the \"Company\" announces that following receipt of TSX Venture Exchange approval, it has completed the shares for debt transaction announced in its April 24, 2016, news release. The Company has issued 300,000 common shares at a deemed price of $0.25 per share, in settlement of indebtedness to a property vendor in the amount of $75,000, for outstanding advanced royalty payments pertaining to the 2005 acquisition of the Company's British Columbia Properties. The common shares issued under the shares for debt transaction are subject to a four month hold period that expires on September 26, 2016. About BCM Resources Corporation BCM Resources Corporation is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing prospective Copper, Gold, and Molybdenum exploration projects in British Columbia and Utah. BCM Resources is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.bcmresources.com or contact us by e-mail at [email protected]. On Behalf of the Board of Directors: Dale McClanaghan, President & CEO Caution Concerning Forward-Looking Statements This news release and related texts and images on BCM Resource Corporation's website contain certain \"forward-looking statements\" including, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay results, future exploration work, and the anticipated results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertai...