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BCGold Corp. Arranges $1.5 Million Financing

BCGold Corp. (“BCGold” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing for proceeds of up to CAD $1,500,000 through the sale of 5,800,000 flow-through common shares (“FT Shares”) at a price of $0.20 per FT Share and 1,700,000 units (“NFT Units”) at a price of $0.20 per NFT Unit. Each NFT Unit is comprised of one non-flow-through common share (“NFT Shares”) and one-half of one non-flow-through common share purchase warrant, each whole such common share purchase warrant (“NFT Warrant”) exercisable to purchase one additional NFT Share at $0.30 per share for the first year, and $0.50 per share in the second year.

The Company may pay finder’s fees of 7% in cash to certain finders in consideration of their efforts in locating investors.

There can be no assurance that the private placement will be completed as proposed or at all. The private placement is subject to all necessary regulatory approvals. The securities will be subject to restrictions on transfer for a period of four months from closing.

The Company intends to use the proceeds of the private placement to continue exploration on the Company’s property portfolio and for general working capital purposes.

On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures and securities issuances and exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing of future expenditures and securities issuances and the timing and success of future exploration, development and production activities.

For further information, please contact:

Lara Cubitt
Manager, Corporate Communications
Tel. (604) 646-1599
Fax. (604) 642-2411
[email protected]

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