Company News
| March 10, 2010 Closing of Private Placement | |
| Vancouver, B.C.: Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) announces that it has closed its non-brokered private placement first announced on November 25, 2009, increased on January 20, 2010. The Company has issued 7,632,300 units at a price of CDN$0.20 per unit for a total raised of $1,526,460. Each Unit consists of one common share and one share purchase warrant ("Warrant"), with each Warrant entitling the holder to acquire one additional common share of the Company at a price of CDN$0.30 per common share for a period of one year from closing. The Warrants are subject to the right of the Issuer to accelerate the exercise period if the common shares of the Issuer trade above $0.50 for a period of 10 consecutive trading days. Finder's fees of $59,670 were paid in conjunction with this private placement. The proceeds of the private placement will be used for continuing the Kabba Drill Program and general working capital. The private placement is 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" Brian Leeners, CFO & Director For further information please contact the Company Tel: 604 669-1484 or email: info@bellcopper.net 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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