Canadian Miner Signs LOI for Utah Project

By: Dylan Sikes – AllPennyStocks.com News

Thursday, September 15, 2022

This company just singed a letter of intent for one of the premier metal forming locations, an area that contains copper, gold and silver.

Diversified mineral exploration company, BCM Resources Corp (TSXV:B) announced that it had entered into a letter of intent for the arm's length acquisition of all of the issued and outstanding shares of Inland Explorations Ltd., a private British Columbia company, to consolidate a 100% ownership interest in BCM's flagship Thompson Knolls project in the southwestern part of Utah, per the company’s press release.

The terms of the LOI state that on completion of the transaction, Inland shareholders are expected to own approximately 49% of the pro forma outstanding shares of BCM, on a basic basis.

Shares were trading at $0.125 in afternoon trade.

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