BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

March 15, 2007 08:30 ET

BCGold Corp. Completes Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2007) -

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

BCGold Corp. (TSX VENTURE:BCG) (the "Company") announces that it has completed its previously announced non-brokered private placement for aggregate gross proceeds of $4,288,091. The private placement was comprised of 6,125,844 units of the Company ("Units") at a price of $0.70 per Unit. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each whole such warrant will entitle 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.

The securities are subject to a hold period and may not be traded until July 15, 2007, except as permitted by Canadian securities legislation and the TSX Venture Exchange.

The Company intends to use the proceeds from the offering for exploration activities on its Canadian properties, for other corporate purposes and for general working capital.

The independent directors of the Company approved the participation by a director and officer of the Company in the private placement on the same terms as arm's length investors. Shareholdings of insiders in the Company have increased as a result of such participation.

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