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BCGold Corp. Announces Non-Brokered Financing

September 4, 2014



ENP Newswire - 04 September 2014

Release date- 03092014 - Vancouver, British Columbia - BCGold Corp. is pleased to announce that it intends to complete a non-brokered private placement financing for proceeds of up to $200,000 by the issuance of up to 5.7 million units priced at $0.035 per Unit.

Each Unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.07 per share for up to two years after the date of issuance.

The private placement will comprise two offerings on the same terms. The first offering will be for up to $100,000 and will be open to all existing shareholders of BCG Corp., subject to their jurisdiction of residence. The second offering will be for the remainder $100,000, and will be subscribed by certain of the company's larger shareholders and insiders. Subscribers to the second offering may make up any shortfall in subscriptions to the first offering.

The Units have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

Use of Proceeds

Proceeds from this financing will be used to continue marketing BCGold'sEngineer Mine development and gold concentrate production opportunity, and for general working capital purposes.

About BCGold

BCGold is a Vancouver-based junior resource company focused on copper and gold exploration in under-explored, historic and emerging mining districts in British Columbia and Yukon. The Company acquires and develops conceptual, early and mid-stage, exploration opportunities and advances them towards resource development. BCGold has generated 27 early to mid-stage gold and copper-gold properties in British Columbia and Yukon.

BCGold's primary gold asset is the 100% owned, historic high-grade gold Engineer Mine property, where the Company has defined a gold concentrate production opportunity through continued exploration, bulk sampling and on-site milling. The Company has recently consolidated its land position at Engineer Mine, acquiring key claims believed to overlay the source area for the Engineer Mine gold mineralizing system.

The Company's strategy at Engineer Mine is to focus exploration on an economic epithermal gold deposit, and to continue efforts to secure a qualified partner to finance the gold concentrate production opportunity.

Contact:

Brian P. Fowler

Tel: 604-697-2401

Email: bcgir@bcgoldcorp.com

Some statements in this news release contain forward-looking information or forward-looking statements. These statements include, but are not limited to, statements with respect to future expenditures 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 and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration, development and production activities. The Company expressly 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 otherwise required by applicable securities legislation.


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Source: ENP Newswire


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