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BCU Bell Copper Corporation

0.07
0.00 (0.00%)
28 Jun 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% 0.07 0.07 0.075 0.07 0.07 0.07 18,150 12:30:01

Bell Copper Signs Purchase Agreement with Copper Fox Metals in Respect of Van Dyke and Sombrero Butte Properties

09/07/2012 5:30pm

Marketwired Canada


Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) is
pleased to announce that it has signed a purchase agreement (the "Purchase
Agreement") with Copper Fox Metals Inc. ("Copper Fox") (TSX VENTURE:CUU) whereby
Copper Fox will acquire 100% of Bell Copper's interests in the Van Dyke property
located in Miami, Arizona and the Sombrero Butte property located in Pinal
County, Arizona (together, the "Properties"). 


Under the terms of the Purchase Agreement, Copper Fox will acquire 100% of the
Properties by paying to Bell Copper CDN$2,000,000 in cash and assuming Bell
Copper's continuing obligations in respect of the Properties.


The Purchase Agreement is subject to Bell Copper completing the acquisition of
the Van Dyke property pursuant to the terms of the purchase and sale and royalty
agreement between Bell Resources (Nevada) Corporation, a wholly-owned subsidiary
of Bell Copper, and Bennu Properties, LLC, Albert W. Fritz Jr. and Edith Spencer
Fritz (collectively, the "Vendors"), including payment by Bell Copper of
US$500,000 in cash to the Vendors on closing (see the news release issued by
Bell Copper on March 12, 2012). The Purchase Agreement is also subject to
certain other conditions, including completion of due diligence in respect of
the Properties by Copper Fox and TSX Venture Exchange approval. 


About Bell Copper

Bell Copper is a public company focused on the development and exploration of
its copper assets in the Americas through internal efforts and via strategic
partnerships.


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

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, statements with respect to the Company's
efforts to develop its projects. 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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