BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

February 20, 2007 15:25 ET

BCGold Corp. Announces Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 20, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES.

BCGold Corp. (the "Company") (TSX VENTURE:BCG) announces that it intends to complete a non-brokered private placement of up to 5,750,000 units of the Company ("Units") at a price of $0.70 per Unit for gross proceeds of $4,000,000. Each Unit is comprised of one common share and one-half of one common share purchase warrant, each whole such warrant entitling the holder to purchase one additional common share at a price of $1.00 per share for a period of two years after the date of issuance.

Finders' fees may be payable in connection with the private placement.

The offering is subject to certain conditions, including the receipt of requisite regulatory approvals. The Company intends to use the proceeds from the offerings for exploration activities on its Canadian properties, for other corporate purposes and for general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

Brian P. Fowler, P.Geo., President and Chief Executive Officer

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of transactions and the use of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated transactions and the use of proceeds.

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

Contact Information

  • BCGold Corp.
    Sacha C. Fernandes
    Manager, Investor Relations
    (604) 646-1581
    or
    BCGold Corp.
    Freeman Smith, P. Geo.
    VP Corporate Development
    (604) 646-1583
    Website: www.bcgoldcorp.com