December 27, 2013 - Vancouver, BC - BHK Resources Inc. (the "Company") (TSX-V: BHK.P), a capital pool company, announces the closing of the second and final tranche of the non-brokered private placement announced on October 11, 2013, for 2,400,000 common shares at $0.10 each for gross proceeds of CDN $240,000.
All securities issued are subject to a hold period expiring April 24, 2014 pursuant to applicable securities laws. The Company intends to use the net proceeds from the private placement to complete its due diligence and evaluate the Ndjole Manganese Property in Gabon, the Company's proposed Qualifying Transaction as announced on December 17, 2013, in accordance with the policies of the Exchange, as well as for general working capital.
Korea Resources Investment and Development Inc. ("KORID"), subscribed to 2,400,000 shares, or approximately 15.48% of the common shares of the Company. Because it now owns, directly or indirectly, more than 10% of the common shares of the Company, KORID is now an insider of the Company.
No finder's fee was paid with respect to the Offering.
About BHK Resources Inc.
The Company is a capital pool company within the meaning of the policies of the Exchange. The Company has not commenced operations and has no assets other than cash.
On behalf of the board of directors of
BHK RESOURCES INC.
Peter Hughes (signed)
President and Chief Executive Officer
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, in particular regarding the Company's potential Qualifying Transaction, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
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.
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