|August 10, 2009|
Private Placement Increased
|Vancouver, B.C.: Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) announces that the Company has increased the proceeds amount of the non-brokered private placement announced July 29 2009 to $600,000 from the original $450,000. Each Unit consists of one common share and one share purchase warrant (a "Warrant"), with each warrant entitling the holder to acquire one additional common share of the Company at a price of CDN$0.25 per common share for a period of one year from the closing date. The Unit Warrant is subject to the right of the Company to accelerate the exercise period for the Unit Warrants if the common shares of the Company trade above $0.50 for a period of 10 consecutive trading days. The proceeds of the private placement will be used for continuing the Kabba Drilling Program and general working capital. The private placement is subject to TSX Venture Exchange acceptance.|
Further, the Company has applied to amend the exercise price of outstanding share purchase warrants exercisable for 894,062 common shares issued pursuant to a Private Placement, the first tranche of which closed on September 10, 2008 (warrants outstanding exercisable into 862,812 common shares), and the second tranche of which closed on September 24, 2008 (warrants outstanding exercisable into 31,250 common shares) to $0.20 per common share. The warrants were originally exercisable for one year from the date of issuance at $0.50 per common share. The application is subject to TSX Venture Exchange acceptance.
Further, the Company has granted options to buy 1.1 million shares to certain directors, officers, employees and consultants of the company. These new options will have an exercise price of 20 cents, expiring August 10, 2014. The stock option grant is subject TSX Venture Exchange acceptance.
About Bell Copper
Bell Copper is focused on the exploration and development of copper assets in the Americas through internal efforts and via strategic partnerships.
More information on Bell Copper: www.bellcopper.net
On behalf of the Board of Directors of
Bell Copper Corporation
Brian Leeners, CFO & Director
For further information please contact the Company
Tel: 604 669-1484 or email:
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
You can view the Next Company News item: Wed Aug 12, 2009, Private Placement Closed and Warrant Amendment Approved
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