CALGARY, April 19, 2012 /CNW/ - BNP Resources Inc. ("BNP" or the "Corporation") would like to announce that the final closing of the non-brokered private placement announced on March 1, 2012 has been closed for gross proceeds of $144,499.96 representing 2,416,666 Class A shares at $0.06 cents per share. The final closing has received all the necessary regulatory and TSX-Venture 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 55,120,054 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.