BCM Resources Corporation (TSXV:B) announced a non-brokered private placement of up to 13,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 650,000 on January 17, 2021. Each unit is composed of one common share and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share of the company at an exercise price of CAD 0.10 per share for a period of two years from the date of issuance. The transaction may include participation from certain insiders of the company. The company will pay finders' fees of 5% in cash and 5% in warrants. The transaction is subject to the approval of TSX Venture Exchange. All securities to be issued in the transaction will be subject to a four-month hold period.