Friday, December 28, 2012 2:37:48 PM
Vancouver, British Columbia, December 27, 2012 (TSX-V: BCG) – BCGold Corp. (or the “Company”) is pleased to announce that, further to its news release dated December 21, 2012, it has raised $100,000 through the issuance of 1,000,000 units at a price of $0.10 per unit (a “Unit”) . Each Unit consists of one flow through common share and one share purchase warrant (a “Warrant”). Each warrant entitles the holder thereof to acquire one common share at a price of $0.15 for a period of two years from the date of closing.
The Company paid finder’s fees of $8,000 and issued 80,000 broker warrants exercisable at a price of $0.10 for a period of two years expiring December 27, 2014. All securities are subject to a four month hold period expiring April 28, 2013.
Proceeds from this financing will be used to refine bulk-tonnage gold exploration targets for drill testing in 2013 at the Engineer Mine Property.
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