BCGOLD CORP. CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, British Columbia, February 7, 2013 (TSX-V: BCG) – BCGold Corp. (or the “Company”) is pleased to announce that it has closed the final tranche of its private placement previously announced on December 5, 2012 and December 31, 2012. The Company has raised an additional $97,500 through the issuance of 1,300,000 units at a price of $0.075 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $0.10 for a period of two years expiring February 6, 2015. The Company paid finder’s fees of $7,800 and issued 104,000 finder warrants exercisable at a price of $0.10 for a period of two years expiring January 8, 2015. All securities are subject to a four month hold period expiring June 7, 2013.
Proceeds from this financing will be used for in-house scoping studies, continued metallurgical studies, and for general working capital purposes. The Company will also continue attempts to source up to $5 million in capital for continued development, bulk-sampling and on-site milling of high-grade gold material at the Company’s 100% owned Engineer Mine Property, either by way of a convertible debenture, forward gold sale, or royalty agreement.
About BCGold Corp.
BCGold Corp. (TSX-V: BCG) is focused on exploration and development of its 100%-owned historic Engineer Mine and adjoining Gold Hill properties, situated in northwestern British Columbia. Since 2007 the Company has incurred approximately $3.5 million in expenditures to demonstrate the exploration upside and near term mining potential of these properties. BCGold Corp. is unique in that it exposes investors to the prospect of discoveries while being positioned to offset exploration costs by monetizing / forward selling gold concentrate recovered from on-site processing of high-grade gold bulk samples at Engineer Mine.
BCGold Corp. has generated 27 early to mid-stage gold and copper-gold properties in British Columbia and Yukon that it will continue to advance by sourcing preferred joint venture partners.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO
For further information please contact:
Marla Lede
Manager, Corporate Communications
Tel: 604-697-2403
Email: bcgir@bcgoldcorp.com
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