$B.V $BCMRF News! BCM Resources Completes Its Amalgamation With Inland Explorations Ltd.
BCM Resources Corp ("BCM"
(TSXV:
is pleased to announce that further to its September 15th, December 16th, 2022 and January 27th 2023 news releases, the Company completed its amalgamation with Inland Explorations Ltd. (the "Inland" with BCM being the surviving entity. Pursuant to the terms of the amalgamation agreement dated December 14, 2022 and approved by the shareholders of both BCM and Inland, the Company issued a total 82,488,140 shares to Inland shareholders in order to consolidate a 100% ownership interest in BCM's flagship Thompson Knolls ("TK" Cu-Au-Mo porphyry project in the southwestern part of Utah, USA (the "Transaction" .
Upon completion of the Amalgamation, former holders of BCM Shares hold, in the aggregate 86,685,918 resulting issuer (BCM) shares (total of 4,814,082 BCM Shares held by Inland were cancelled), representing approximately 51% of the outstanding resulting issuer shares and the former holder of Inland shares now hold in the aggregate 82,488,140 resulting issuer shares representing approximately 49% of the outstanding resulting issuer shares. As a result of the foregoing, BCM has an aggregate of 169,174,000 common shares issued and outstanding.
Inland and BCM had certain common directors and officers. As such, pursuant to the policies of the TSXV, Inland is a "Non-Arm's Length Party" of BCM and the Transaction is non-arm's length in nature. However, such common directors do not own, in the aggregate, more than 50% of the issued and outstanding securities of Inland or BCM, and accordingly the Transaction does not constitute a "Related Party Transaction" pursuant to TSXV Policy 5.9 or Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.
"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" says Dr. Sergei Diakov, President & Director of BCM.
https://finance.yahoo.com/news/bcm-resources-...00367.html
BCM Resources Corp ("BCM"
(TSXV: is pleased to announce that further to its September 15th, December 16th, 2022 and January 27th 2023 news releases, the Company completed its amalgamation with Inland Explorations Ltd. (the "Inland" with BCM being the surviving entity. Pursuant to the terms of the amalgamation agreement dated December 14, 2022 and approved by the shareholders of both BCM and Inland, the Company issued a total 82,488,140 shares to Inland shareholders in order to consolidate a 100% ownership interest in BCM's flagship Thompson Knolls ("TK" Cu-Au-Mo porphyry project in the southwestern part of Utah, USA (the "Transaction" . Upon completion of the Amalgamation, former holders of BCM Shares hold, in the aggregate 86,685,918 resulting issuer (BCM) shares (total of 4,814,082 BCM Shares held by Inland were cancelled), representing approximately 51% of the outstanding resulting issuer shares and the former holder of Inland shares now hold in the aggregate 82,488,140 resulting issuer shares representing approximately 49% of the outstanding resulting issuer shares. As a result of the foregoing, BCM has an aggregate of 169,174,000 common shares issued and outstanding.
Inland and BCM had certain common directors and officers. As such, pursuant to the policies of the TSXV, Inland is a "Non-Arm's Length Party" of BCM and the Transaction is non-arm's length in nature. However, such common directors do not own, in the aggregate, more than 50% of the issued and outstanding securities of Inland or BCM, and accordingly the Transaction does not constitute a "Related Party Transaction" pursuant to TSXV Policy 5.9 or Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.
"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" says Dr. Sergei Diakov, President & Director of BCM.
https://finance.yahoo.com/news/bcm-resources-...00367.html
