TSXV – BMET.H
VANCOUVER, April 17, 2018 /CNW/ - BeMetals Corp. (the "Company" or "BeMetals") (TSXV: BMET.H) is pleased to report that it has completed the previously announced name change from BQ Metals Corp. to BeMetals Corp. In connection with the name change, the Company's trading symbol on the NEX board of the TSX Venture Exchange will be changed to "BMET.H" upon the opening of the markets on Wednesday, April 18, 2018. The CUSIP number assigned to the Company's shares following the name change is 081379109 (ISIN: CA0813791096). No action is required to be taken by shareholders with respect to the name change. Outstanding share certificates are not affected by the name change and do not need to be exchanged.
The Company continues to move forward on the Pangeni Project, wherein it has secured rights to earn 72% of the exploration venture, in the Zambian Copperbelt as described in the Company's February 27, 2018 news release. The preparation of an independent 43-101 Technical Report is well advanced. Encouraging historical results from initial core drilling of two priority exploration targets, some 20km apart, provides significant motivation for further exploration work. These results also indicate the prospective geological setting of this license that is largely covered by a thin veneer of Kalahari sand units. A number of major international mining companies have identified this competitive region of the Zambian Copperbelt to be prospective for the discovery of tier one copper mines, and are conducting exploration field work. BeMetals benefits from the support of strong technical and local Optionors on this project, Copper Cross Zambia and Pangeni Mineral Resources Limited. The Company's earn-in to the Pangeni Project is subject to the approval of the TSX Venture Exchange.
BeMetals is driving its growth strategy towards the Company's goal of becoming a significant base metal producer through the acquisition of quality exploration, development and production stage base metals projects. This strategy is directed by the Board, key members of which have an extensive, proven track record in delivering considerable value in the mining sector through the discovery and building of mines.
In connection with BeMetals' annual general meeting of shareholders scheduled for May 11, 2018, Clive Johnson will be standing for re-election as a director but has stepped down as Non-Executive Chairman of the Board.
Technical information in this news release has been reviewed and approved by John Wilton, Pr. Sci. Nat., the Company's CEO and President and a "Qualified Person" as defined by National Instrument 43-101 standards.
ON BEHALF OF BEMETALS CORP.
CEO, President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
The foregoing information may contain forward-looking information relating to the future performance of the Company. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the mining industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com ). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
SOURCE BQ Metals Corp.
For further information: Kristen Reinertson, CFO & Corporate Secretary, (604) 609-6118