/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, Jan. 12 /CNW/ - BNP Resources Inc. ("BNP" or the "Corporation")
would like to announce that the previously announced letter of intent
dated October 15, 2010 to finance an investment in the corporation with
a NY based private equity fund has been terminated by mutual agreement
between the respective parties.
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 29,424,179 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.
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.
SOURCE BNP Resources Inc.
For further information:
Gregory Bilcox, President and CEO
BNP Resources Inc.