10:26:13 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Bell Copper Corp (2)
Symbol BCU
Shares Issued 125,893,477
Close 2023-04-04 C$ 0.235
Market Cap C$ 29,584,967
Recent Sedar Documents

Bell Copper to issue 272K shares to settle $60K debt

2023-04-04 19:21 ET - News Release

Mr. Timothy Marsh reports

BELL COPPER ANNOUNCES SHARES FOR DEBT SETTLEMENT AND GRANT OF STOCK OPTIONS

Bell Copper Corp. has agreed to settle $60,000 of debt owing to a certain creditor by issuing 272,727 common shares in the capital of the company at a deemed price of 22 cents per share. No warrants will be issued in connection with the debt settlement.

The debt settlement transaction is subject to the approval of the TSX Venture Exchange and all shares issued pursuant to the debt settlement will be subject to a four-month statutory hold period. The debt settlement will not create a new control person nor are any insiders participating in the settlement.

The company believes it is in the best interests of its shareholders to reduce the amount of indebtedness while preserving cash and improving its financial position.

The company also announces the grant of 100,000 incentive options under the company's stock option plan to a consultant of the company, exercisable at 24 cents for a period of two years from the date of grant, subject to vesting provisions.

About Bell Copper Corp.

Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona. Bell Copper is exploring its 100-per-cent-owned Big Sandy porphyry copper project and the Perseverance porphyry copper project which is under a joint venture-earn-in.

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