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BCU Bell Copper Corporation

0.06
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bell Copper Corporation TSXV:BCU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.06 0.05 0.065 0.06 0.05 0.06 511,442 21:31:54

Bell Copper Announces Amendments to Private Placement Financing

28/03/2012 3:48am

Marketwired Canada


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Bell Copper Corporation (the "Company") (TSX VENTURE:BCU) announces that it is
amending the terms of its previously announced brokered private placement. The
Company will now proceed with the private placement on a non-brokered basis and
offer for sale up to 50,000,000 units (the "Units") at a price of $0.05 per Unit
for total gross proceeds of up to $2,500,000 (the "Financing"). Each Unit will
consist of one common share of the Company and one-half of one common share
purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle
the holder thereof to acquire one common share of the Company at a price of
$0.10 for a period of 24 months from the closing date of the Financing.


The Company is presently exploring opportunities to work with certain Canadian
and international firms to complete the Financing on a non-brokered basis. 


The Company intends to use the proceeds from the Financing primarily to fund the
completion of the feasibility study and ongoing development of the La Balsa
project in Mexico, to fund the acquisition of the Van Dyke project in Arizona,
and for general working capital purposes.  


Upon the closing of the Financing, the Company may pay to eligible finders in
accordance with the policies of the TSX Venture Exchange finders' fees in cash,
common shares, warrants or any combination thereof. 


About Bell Copper

Bell Copper is a public company with a focus on copper exploration, development
and production in North America. The Company has an extensive portfolio of
exploration and development projects located in two of North America's premier
copper producing regions: Mexico and Arizona.


More information on Bell Copper: www.bellcopper.net.

On behalf of the Board of Directors of Bell Copper Corporation

Michael Werner, CEO & Director

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, the use of proceeds of the Financing.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including but not
limited to: general business, economic, competitive, political and social
uncertainties; acquisition risks, the actual results of current exploration
activities; delay or failure to receive board or regulatory approvals; timing
and availability of external financing on acceptable terms; the Property not
being integrated successfully or such integration proving more difficult, time
consuming or costly than expected, not realizing on the potential benefits of
the proposed transaction; conclusions of economic evaluations; changes in
project parameters as plans continue to be refined; future prices of mineral
prices; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and shortages and other risks of the mining industry;
and, delays in obtaining governmental approvals or required financing or in the
completion of activities. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
information. The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.


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