Bell Copper Closes First Tranche of Unit Financing
May 7, 2019
Bell Copper Corporation - TSX.V Symbol: BCU
BELL COPPER CLOSES FIRST TRANCHE OF UNIT FINANCING
Vancouver, British Columbia Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V: BCU) Further to its March 8, 2019 news release, Bell Copper announces that it has filed documents with the TSX Venture Exchange (the “Exchange”) seeking conditional approval of its 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 is comprised of one common share in the capital of the Company and one common share purchase warrant.
Each warrant entitles 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 $0.50 for ten (10) consecutive trading days. All securities to be issued under this private placement will be subject to a fourmonth resale restriction.
The proceeds of the private placement will be allocated towards acquiring new prospective copper projects in North America as well as for general working capital purposes.
A finder's and/or administrative fee may be paid to registered representatives in connection with the offering.
About Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in a region responsible for 10% of the world's copper production: Arizona.
On behalf of the Board of Directors of Bell Copper Corporation
"Timothy Marsh"
Timothy Marsh, President, CEO & Director
For further information please contact the Company Tel: 1 800 418 8250
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.