BC Moly Appoints Corporate Secretary
February 16 2022 - 5:30PM
BC Moly Ltd. (“
BC Moly” or the
“
Company”) (NEX: BM.H) is pleased to announce that
its board of directors has appointed Jerry Wang, the current Chief
Financial Officer, to serve as Corporate Secretary of the Company.
Mr. Wang’s appointment fills the vacancy created by the recent
resignation of Edward Yurkowski.
In addition, the Company has amended the terms
of its previously announced non-brokered private placement (the
“Offering”). The terms of the Offering will remain
the same as those disclosed in the Company’s press release dated
February 10, 2022, however, a portion of the Subscription Receipts
will now be exchangeable for units, each unit comprised of one
Common Share that qualifies as a “flow-through share” within the
meaning of the Income Tax Act (Canada) and one Warrant (the
“FT Subscription Receipts”). The proceeds raised
from the sale of FT Subscription Receipts will be used to incur
“Canadian exploration expenses” that are “flow-through mining
expenditures” (as such terms are defined in the Income Tax Act
(Canada)). Capitalized terms not otherwise defined herein have the
meanings attributed to them in the February 10, 2022 press
release.
About BC
Moly Ltd.:
BC Moly Ltd. is a Canadian mineral exploration
company focused on the development of its Storie Property
molybdenum deposit. The Storie Property is situated about 6 km
southwest of Cassiar, British Columbia. Cassiar is located 15 km
(by paved road) west of Highway 37 which provides access to Watson
Lake, Yukon, to the north and Dease Lake and Stewart, British
Columbia, to the south.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
Additional
Information
David D’Onofrio BC Moly Ltd.Chief Executive Officer and Director
416.643.3880
Cautionary
Statements
Certain information in this news release
constitutes forward-looking statements under applicable securities
laws. Any statements that are contained in this news release that
are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often
identified by terms such as “may”, “should”, “anticipate”,
“expect”, “potential”, “believe”, “intend” or the negative of these
terms and similar expressions. Forward-looking statements in this
news release include but are not limited to: the ability of the
Company to obtain the approval of the NEX and TSXV in connection
with the Offering; the Company’s ability to complete the Offering
Reactivation; and the ability of the Company to meet the escrow
release.
Forward-looking statements are based on certain
assumptions regarding the Company, including expected growth
results of operations, performance, continued approval of the
Company’s activities by the relevant governmental and/or regulatory
authorities, industry trends, the Company attaining approval of the
NEX and TSXV to complete the Offering, the Company completing the
Offering, and the Company meeting the escrow release conditions.
While the Company considers these assumptions to be reasonable,
based on information currently available, they may prove to be
incorrect. Readers are cautioned not to place undue reliance on
forward-looking statements.
Forward-looking statements also necessarily
involve known and unknown risks, including, without limitation,
risks associated with general economic conditions; adverse industry
events; marketing costs; loss of markets; future legislative and
regulatory developments; inability to access sufficient capital
from internal and external sources, and/or inability to access
sufficient capital on favourable terms; income tax and regulatory
matters; competition; the inability of the Company to obtain the
approval of the NEX and/or TSXV in connection with the Offering;
the Company’s inability to complete the Offering; the inability of
the Company to meet the escrow release conditions; the Company not
utilizing the use of proceeds as outlined herein; and other risks.
Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement and reflect our
expectations as of the date hereof, and thus are subject to change
thereafter. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law. This news release has been approved by the board
of directors of the Company. Factors that could cause anticipated
opportunities and actual results to differ materially include, but
are not limited to, matters referred to above and elsewhere in the
Company’s public filings and material change reports that will be
filed in respect of the Offering, which are and will be available
on SEDAR.
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