BNP announces financing



    CALGARY, Oct. 5 /CNW/ - BNP Resources Inc. ("BNP") is pleased to announce
that it has entered into an agreement with Acumen Capital Finance Partners
Limited ("Acumen") to offer for sale on a reasonable best efforts agency basis
up to 2,142,857 convertible preferred shares ("Convertible Preferred Shares")
of a wholly-owned subsidiary of BNP by way of private placement at a price of
$0.70 per share, for gross proceeds of up to approximately $1,500,000. Each
Convertible Preferred Share will be convertible into one Class A share of BNP,
at the option of the subscriber, at any time prior to 36 months following the
closing of the offering (the "Maturity Date") and, in any event, will
automatically convert on the Maturity Date.
    Proceeds from the offering will be used to fund BNP's ongoing exploration
drilling program in its core focus areas.
    Closing of the offering is expected to occur on or about October 16, 2007
and is subject to all necessary regulatory and stock exchange approvals. The
Class A Shares issuable upon conversion of the Convertible Preferred Shares
will be subject to a four month hold period from the date of closing of the
private placement.
    BNP is actively engaged in the exploration for, the development and
production of, natural gas and oil reserves. BNP's business strategy is to
build sustainable and profitable per share growth through selective
acquisitions and internally generated exploration and development drilling.
    BNP has approximately 9,484,500 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".
    Further information with regards to BNP may be found on the SEDAR website or on BNP's website

    ADVISORY: This press release may contain forward-looking statements
including management's assessment of future plans and operations and
expectations of future production, cash flow and earnings. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ materially from
those anticipated. These risks include, but are not limited to: the risks
associated with the oil and gas industry (e.g. operational risks in
development, exploration and production; delays or changes in plans with
respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses and health, safety and
environmental risks), commodity price and exchange rate fluctuation and
uncertainties resulting from potential delays or changes in plans with respect
to exploration or development projects or capital expenditures. The
forward-looking statements contained in this press release are made as of the
date hereof and BNP undertakes no obligations to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Gregory Bilcox, President and CEO, BNP
Resources Inc., Phone: (403) 695-1091, Fax: (403) 265-0413; Gordon B. Paul, VP
Finance and CFO, BNP Resources Inc., Phone: (403) 695-1095, Fax: (403)

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