BCGold Corp.

BCGold Corp.

June 05, 2006 17:31 ET

BCGold Corp. Completes Initial Public Offering-Common Shares Expected to Commence Trading on TSX Venture Exchange on June 8, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 5, 2006) - BCGold Corp. ("BCGold") is pleased to announce that it has completed its Initial Public Offering (the "Offering") of common shares for gross proceeds of $280,000. BCGold has been advised by the TSX Venture Exchange (the "Exchange") that its common shares are expected to commence trading on the Exchange on June 8, 2006 under the trading symbol BGX.P. BCGold will be classified as a capital pool company pursuant to the policies of the Exchange.

A total of 2,800,000 common shares were issued in the Offering at a price of $0.10 per share. As at the date hereof, the Company has 5,800,000 common shares issued and outstanding, of which 3,000,000 shares are subject to escrow restrictions.

Leede Financial Markets Inc. (the "Agent") acted as lead agent in the Offering. The Agent received a commission equal to 10% of the gross proceeds of the Offering and a non-transferable option to acquire up to 280,000 common shares at an exercise price of $0.10 per share for a period of 24 months from the date that the common shares of BCGold are listed and posted for trading on the Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

Freeman Smith, President and Director

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements 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. The Company disclaims any intention or obligation to revise or update such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • BCGold Corp.
    Freeman Smith
    President and Director
    (604) 646-4531
    (604) 646-4526 (FAX)