RE: RE: ANYONE GOT 4.3 million Now if this doesn't get your attention what will
In addition to the above work program, BCGold Corp. continues to seek a qualified investor and partner to invest $4.3 million into the Engineer Mine Project, by way of a secured convertible debt, gold royalty or interest bearing loan facility (or combination thereof), over a 2 year period, for the mining and on-site milling of up to 7,600 tonnes of bulk sample material and the production of up to 7,700 ounces of gold in concentrate. The objective is to start producing gold in 2013 and to ramp up production to over 5,000 oz. gold per annum by 2014. The $4.3 million investment will be used to secure the remaining 25% interest in the Engineer Mine property ($400,000 in cash or BCGold Corp. shares), upgrade underground infrastructure, install an ore conveyance system, upgrade and house the on-site gravity separation mill, provide for a portable on-site assay laboratory and provide for mining, milling and the production of up to 150 tonnes of gold concentrate by the end of 2014, which will be shipped off-site for refinement. This investment is expected to return up to $10 million in gross revenue by the end of 2014, more than providing for an equitable investment arrangement with a lender for this proposal. The Company is willing to put up Company stock or a percentage of the Engineer Mine Property as collateral for this investment.