BC Moly Ltd. is pleased to announce that its board of directors has appointed Jerry Wang, the current Chief Financial Officer, to serve as Corporate Secretary of the Company. Mr. Wang’s appointment fills the vacancy created by the recent resignation of Edward Yurkowski.
In addition, the Company has amended the terms of its previously announced non-brokered private placement (the “Offering”). The terms of the Offering will remain the same as those disclosed in the Company’s press release dated February 10, 2022, however, a portion of the Subscription Receipts will now be exchangeable for units, each unit comprised of one Common Share that qualifies as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one Warrant (the “FT Subscription Receipts”). The proceeds raised from the sale of FT Subscription Receipts will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada)). Capitalized terms not otherwise defined herein have the meanings attributed to them in the February 10, 2022 press release.
Courtesy of BC Moly.