CALGARY, March 1, 2012 /CNW/ - BNP Resources Inc. ("BNP" or the "Corporation") would like to announce an offering of a private placement of up to 2,500,000 Class A shares at a price of $0.06 cents per share for aggregate gross proceeds of up to $150,000.00 (the "Offering"). The Offering will be conducted on a best efforts basis and will be subject to a four month hold period from the date of share issuance. The Offering is subject to the receipt of all the necessary regulatory and TSX-Venture Exchange approvals.
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 54,752,654 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.
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.
For further information:
Gregory Bilcox, President and CEO
BNP Resources Inc.