BCM to acquire 100% interest in Thompson Knolls project

Dr. Sergei Diakov, President & Director of BCM, said:

“This acquisition of Inland consolidates 100% ownership of BCM’s flagship Thompson Knolls asset. BCM shareholders are poised to benefit from a simplified ownership structure as we aggressively explore the large porphyry target at TK.”

Pursuant to the terms of the agreement, both Inland and the company will complete an arm's length business combination transaction by way of amalgamation under the Business Corporations Act (British Columbia) to continue as a new company, BCM Resources Corporation (the resulting issuer). Each common share in the capital of the company (BCM shares) that is outstanding immediately prior to the Amalgamation other than BCM shares held by shareholders of BCM who exercise their dissent rights shall be converted into one issued and fully paid and non-assessable common share in the capital of the resulting issuer. Each common share in the capital of Inland that is outstanding immediately prior to the amalgamation shall be converted into 3.1137 issued and fully paid and non-assessable resulting issuer share at a deemed price of US$0.125 per resulting issuer share. In addition, the company will exchange all of its currently outstanding share purchase warrants and incentive stock options for the resulting Issuer warrants and options on a 1:1 basis, and a total of 2 050 000 currently outstanding Inland incentive stock options for the resulting issuer’s stock options on a 1:3.1137 basis. The resulting issuer shares to be issued pursuant to the amalgamation will be issued pursuant to exemptions from the prospectus requirements of applicable securities legislation.

Read the article online at: https://www.globalminingreview.com/mining/20122022/bcm-to-acquire-100-interest-in-thompson-knolls-project/