bcMetals Corporation
TSX VENTURE : C

bcMetals Corporation

November 07, 2005 20:11 ET

bcMetals: Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 7, 2005) - bcMetals Corporation (TSX VENTURE:C) has reached agreement, subject to stock exchange and board approval, for a working capital private placement of 2.5 million units at $0.50 per unit, for gross proceeds of $1.25 million. Each unit consists of a share and a warrant exercisable for two years at $0.75 per share, subject to early expiry if the company's shares trade at $0.90 per share for 10 consecutive trading days. Quest Securities Corporation (a wholly owned subsidiary of Quest Capital) will be paid a 6% commission and will receive 250,000 share purchase warrants (on the same terms as the unit warrants) for arranging the placement.

Ian Smith, President and CEO

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.


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

Contact Information

  • bcMetals Corporation
    Ian Smith
    President and CEO
    (604) 683-0140
    (604) 683-0126 (FAX)
    www.bcmetalscorp.com