BC Moly Announces Receipt of Certain Escrowed Proceeds

VANCOUVER, British Columbia, Sept. 02, 2022 (GLOBE NEWSWIRE) -- BC Moly Ltd. (“BC Moly” or the “Company”) (NEX: BM.H) is pleased to announce today that certain holders of subscription receipts of the Company have exchanged (the “Partial Exchange”) an aggregate of 3,028,788 subscription receipts (the “Partial Exchange Receipts”), purchased for $0.165 per Partial Exchange Receipt (the “Issue Price”), in advance of the satisfaction by the Company of certain escrow release conditions (the “Escrow Release Conditions”). The Partial Exchange resulted in the release from escrow of an aggregate of $499,750 (plus interest, if any, earned thereon) to the Company.

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