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, April 7 /CNW/ - BNP Resources Inc. ("BNP" or the "Corporation")
would like to announce that an initial closing of the private placement
announced on March 21, 2011 has been completed for gross proceeds of
$97,500.00 representing 1,625,000 Class A shares at $0.06 cents per
share. The offering was originally announced as up to 6.0 Million Class
A shares at a price of $0.06 cents per share for aggregate gross
proceeds of up to approximately $360,000.00 (the "Offering"). BNP may
hold one or more closings to accommodate additional subscriptions. The
offering will be conducted on a best efforts basis. The first closing
of the Offering has received all the necessary regulatory and
TSX-Venture Exchange approvals. The use of proceeds related to the
first closing will be for general corporate purposes.
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 30,022,711 Class A shares and 922,500 Class B
shares issued and outstanding which trade on the TSX Venture Exchange
under the symbols "BNX.A and "BNX.B".
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.