Company News
| July 09, 2008 Non Brokered Private Placement | |
| Vancouver, B.C.: Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) announces that due to the conversion ratios of the recently completed business combination among Bell Resources Corporation, Grandcru Resources Corporation and Rogue River Resources Corp. to form Bell Copper Corporation (the "Business Combination"), the Bell Resources offering (the "Bell Resources Offering") announced on April 4, 2008 for the sale of 4,500,000 units at a price of CDN$0.35 per unit to raise gross proceeds of CDN$1,575,000 will have an effective price of CDN$0.70 per unit. In order to bring the Bell Resources Offering in line with the current market, the Company will, subject to regulatory approval, amend the terms of the Bell Resources Offering to 3,150,000 units at a price of CDN$0.50 per unit to raise gross proceeds of CDN$1,575,000. Each unit will consist of one common share and one half of one share purchase warrant, with each full warrant entitling the holder to acquire one additional common share of the Company at a price of CDN$0.75 per common share for a period of one year from closing. The proceeds of the private placement will be used for general working capital. The Company will pay a cash commission to various finders in accordance with the policies of the TSX Venture Exchange. The private placement is subject to TSX Venture Exchange acceptance. The Company also announces that due to changing market conditions, Bell Copper and Foundation Markets have mutually agreed to terminate the offering announced on April 17, 2008. Further to the Company's strategic plan to focus on copper assets in the Americas, it has terminated its option on the Danny Boy prospect in Nevada. Bell Copper -- Value through Production & Discovery Bell Copper is focused on the development to production of the La Balsa copper mine in Michoacan, Mexico & the Granduc copper mine in British Columbia, Canada while continuing exploration and development of its pipeline of copper projects in some of the world's premier copper producing regions. More information on Bell Copper: www.bellcopper.net On behalf of the Board of Directors of Bell Copper Corporation "W. Glen Zinn" W. Glen Zinn, President and CEO For further information please contact the Company Tel: 604 669-1484 or email: info@bellresources.com THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties | |
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