|October 27, 2009|
Non-Brokered Private Placement
|Vancouver, B.C.: Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) announces it will be conducting a non-brokered private placement of up to 1,800,000 units ("Units") at a price of $0.25 per Unit to raise proceeds of up to $450,000.|
Each Unit will consist of one common share and one share purchase warrant with each warrant entitling the holder to acquire one additional common share at a price of $0.30 per share for a period of one year from closing (the "Unit Warrants"). The Unit Warrants are 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 the continuing drill program at the Kabba project in Mohave County, Arizona as well as for general working capital purposes.
The Company intends to pay a finder's fee incidental to the financing in accordance with Exchange policies. The private placement and payment of a finder's fee are subject to 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: firstname.lastname@example.org
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: Fri Oct 30, 2009, Closing of Private Placement
You can view the Previous Company News item: Fri Oct 2, 2009, Shares Issued To Macquarie
You can return to the main Company News page, or press the Back button on your browser.