TSXV – BMET.H. VANCOUVER, April 17, 2018 /CNW/ - BeMetals Corp. (the "Company" or "BeMetals") (TSXV: BMET.H) is pleased to report that it has completed the previously announced name change from BQ Metals Corp. to BeMetals Corp.
In connection with the name change, the Company's trading
symbol on the NEX board of the TSX Venture Exchange will be changed to "BMET.H" upon the opening of the markets on Wednesday, April 18, 2018. The CUSIP number assigned to the Company's shares following the name change is 081379109
(ISIN: CA0813791096). No action is required to be taken by shareholders with respect to the name change. Outstanding share certificates are not affected by the name change and do not need to be exchanged.
The Company continues to move forward on the Pangeni Project, wherein it has secured rights to earn 72% of the exploration venture, in the Zambian Copperbelt as described in the Company's February 27, 2018 news release. The preparation of an independent 43-101 Technical Report is well advanced. Encouraging historical results from initial core drilling of two priority exploration targets, some 20km apart, provides significant motivation for further exploration work. These results also indicate the prospective geological setting of this license that is largely covered by a thin veneer of Kalahari sand units. A number of major international mining companies have identified this competitive region of the Zambian Copperbelt to be prospective for the discovery of tier one copper mines, and are conducting exploration field work. BeMetals benefits from the support of strong technical and local Optionors on this project, Copper Cross Zambia and Pangeni Mineral Resources Limited. The Company's earn-in to the Pangeni Project is subject to the approval of the TSX Venture Exchange.
BeMetals is driving its growth strategy towards the Company's goal of becoming a significant base metal producer through the acquisition of quality exploration, development and production stage base metals projects. This strategy is directed by the Board, key members of which have an extensive, proven track record in delivering considerable value in the mining sector through the discovery and building of mines.
In connection with BeMetals' annual general meeting of shareholders scheduled for May 11, 2018, Clive Johnson will be standing for re-election as a director but has stepped down as Non-Executive Chairman of the Board.
Technical information in this news release has been reviewed and approved by John Wilton, Pr. Sci. Nat., the Company's CEO and President and a "Qualified Person" as defined by National Instrument 43-101 standards.
ON BEHALF OF BEMETALS CORP.
CEO, President and Director