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BCM Resources Corporation Provides Update on Thompson Knolls Option Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 14, 2016) - BCM Resources Corporation (TSX VENTURE:B), the "Company" announces that Inland Explorations Ltd. ("
About this update from Bcm Resources Corporation
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 14, 2016) - BCM Resources Corporation (TSX VENTURE:B), the \"Company\" announces that Inland Explorations Ltd. (\"Inland\"), has agreed to extend the closing (date originally scheduled for May 30th 2016), of the Thompson Knolls option agreement by three months to August 31st 2016. BCM Resources Corp has entered into an option agreement to acquire up to 60% interest in Inland's drill-ready Thompson Knolls Copper, Gold & Silver Property (\"TK Property\") located in central Utah's Great Basin, one of the premier metallogenic provinces in the world. The TK Property is located in Millard County, Utah and consists of 125 federal unpatented mineral claims and two State Section Leases, comprising 3,465 acres (1,402 ha). Inland Explorations Ltd. (\"Inland\"), a non-reporting issuer, is related to the Company by way of three common directors, all of whom hold shares in Inland and two of which are officers of both companies. The proposed Option Agreement is non arm's length and Closing (on or before August 31, 2016) is subject to receipt of all requisite regulatory and other approvals, including the approval of the TSX Venture Exchange. 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 BCM BOARD OF DIRECTORS Matt Lennox-King, Director Caution Concerning Forward-Looking Statements This news release and related texts and images on BCM Resource Corporation's and Inland Explorations Ltd.'s websites 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 ...