Vancouver, British Columbia - Bell Copper Corporation ("Bell" or the "Company") (TSX-V: BCU) announces that the TSX-Venture Exchange has accepted for filing the Company's application to close its Non-Brokered Private Placement announced March 3, 2015. Under the closing the Company will issue 749,200 units at a price of five cents ($0.05) per unit for gross proceeds of $37,460.00. Each unit consists of one common share and one-half common share purchase warrant (the "Unit Warrants") with each full Unit Warrant entitling the holder to acquire one additional common share at a price of 10 cents ($0.10) per share for six months from closing. The Unit Warrants are, upon expiry of the statutory four month hold period after issuance, 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 15 cents ($0.15) for a period of 10 consecutive trading days. The proceeds of the private placement will be allocated toward the drilling program at the Company's Kabba, Arizona porphyry project as well as for general working capital purposes.
There will be a 4 month statutory hold on all securities issued pursuant to this financing. The Company also announces that, subject to regulatory approval, it will be issuing 2,721,694 common shares in consideration of the aggregate of $136,084.70 of various services rendered to the Company, such shares to be issued at a deemed price of $0.05 per share.
On behalf of the Board of Directors of
Bell Copper Corporation
Timothy Marsh, President, CEO & Director
For further information please contact the Company
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.