Dr. Timothy Marsh reports
BELL COPPER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Bell Copper Corp. has arranged a non-brokered private placement to raise gross proceeds of up to $200,000.
The financing shall consist of up to 2.5 million units at a price of eight cents per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one additional share at a price of 12 cents for a period of two years from the date of closing of the financing.
The securities issued pursuant to the financing will be subject to a hold period under applicable securities laws, which will expire four months and one day from the date of closing. The company may pay finders' fees incidental to the financing, as permitted by the policies of the TSX Venture Exchange.
Funds raised from the financing will be used for the continuing drilling and exploration program at the company's 100-per-cent-owned Big Sandy porphyry copper project and for general working capital. Closing shall be subject to the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX-V.
Qualified person
The technical content of this release has been reviewed and approved by Dr. Timothy Marsh, PhD, PEng, the company's chief executive officer and president. No mineral resource has yet been identified on the Big Sandy project. There is no certainty that the present exploration effort will result in the identification of a mineral resource or that any mineral resource that might be discovered will prove to be economically recoverable.
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 agreement.
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