Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V: BCU) is pleased to provide an update on its 100% owned Kabba porphyry copper project located in Mohave County, Arizona.
- Bell Copper regains 100% interest of Kabba Project
- Company retires debenture secured by Kabba project
- Dec 2017 drill assays show close proximity to copper shell
- 2018 drilling to begin 2nd quarter
- Bell closes first tranche of $0.10 financing for proceeds of $256,000
Kennecott Option Termination
In 2017, Kennecott Exploration executed their initial exploration plan at Kabba by drilling 7 holes targeted on Induced Polarization (IP) anomalies identified in their geophysics program. This work brought their total expenditure to exceed $3 mil...
Vancouver, British Columbia Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V: BCU) announces that, subject to the approval of the TSX Venture Exchange, it proposes to undertake a non-brokered private placement of units (the “Units”) at a price of ten cents ($0.10) per Unit for gross proceeds of up to $500,000. Each Unit shall be comprised of one common share in the capital of the Company and one common share purchase warrant.
Each warrant shall entitle the holder to purchase an additional common share at a price of twenty cents ($0.20) per share at any time within 12 months of the date of issuance, subject to the right of the Company to accelerate the exercise period of the Warrants if common shares of the Company trade at or above $0.40 for ten (10) consecutive trading days. All securities to be issued under this private placement will be subject to a four-month resale restriction.