BHK Mining Corp. announced that it expects to receive CAD 1.75 million in funding from First Resources Corporation Limited.

BHK Mining Corp. (TSXV:BHK) announced a private placement of 35,000,000 shares at CAD 0.05 per share for gross proceeds of CAD 1,750,000 on September 28, 2015. The transaction will include participation from new investor, First Resources Corporation Limited.

The company and the investor entered into an agreement for the transaction. The transaction will represent a change in control in the shareholding of the company. The completion of the transaction is subject to approval from the TSX Venture Exchange.

The securities issued pursuant to the transaction will be subject to a four-month hold period in accordance with applicable securities laws.