BC Moly Ltd. announced a non brokered private placement of 3,030,303 subscription receipts and maximum of 6,060,606 subscription receipts at a price of CAD 0.165 per subscription receipt for minimum gross proceeds of CAD 500,000 and maximum gross proceeds of CAD 1,000,000 on February 10, 2022. Each unit will consist of on common share and one common share purchase warrant, with each warrant exercisable into one common share at a price of CAD 0.22 for a period of five years.

On February 16 2022, company announced that the a portion of the Subscription Receipts will now be exchangeable for units, each unit comprised of one Common Share that qualifies as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one Warrant.