Press release from CNW Group
BNP Resources Inc. announces a non-brokered private placement
Monday, September 23, 2013
BNP Resources Inc. announces a non-brokered private placement16:33 EDT Monday, September 23, 2013
/THIS DOCUMENT IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
CALGARY, Sept. 23, 2013 /CNW/ - BNP Resources Inc. ("BNP" or the "Corporation") would like to announce an offering of up to 3,000,000 Class A shares at a price of $0.05 per share for aggregate gross proceeds of $150,000.00 (the "Offering"). The offering will be conducted on a best efforts basis. The offering is subject to all the necessary regulatory and TSX-Venture Exchange approvals. The use of proceeds related to the final closing will be for general corporate purposes. The offering is subject to a hold period of 120 days from date of share issuance.
BNP is actively engaged in the exploration for and the development and production of oil and natural gas reserves. BNP's business strategy is to build sustainable and profitable per share growth through internally generated exploration and development drilling.
BNP has approximately 61,028,128 Class A shares issued and outstanding which trade on the TSX Venture Exchange under the symbols "BNX.A".
Neither the TSX Venture Exchange nor Its Regulation Services Provider (as the term Is defined In the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: BNP Resources Inc.
For further information:
Gregory Bilcox, President and CEO
BNP Resources Inc.