Bell Copper Announces Closing of Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
September 6, 2023
News Release
Bell Copper Corporation - TSX.V Symbol: BCU
Bell Copper Announces Closing of Non-Brokered Private Placement
VANCOUVER, B.C. - Bell Copper Corporation (TSX-V: BCU) (“Bell Copper” or the “Company”) announces
that further to its news release s of June 15, and July 31, 2023, the Company has now closed its non-
brokered private placement (the “Financing”).
In the Financing, the Company issued 4,558,417 units (“Units”) at a price of $0.12 per Unit for total gross
proceeds of $547,010. Each Unit consists of one common share and one common share purchase warrant
(a “Warrant”). Each Warrant will be exercisable into one additional common share at a price of $0.24 per
share for a period of two years from the date of closing of the Financing (“Closing”).
Incidental to the Financing, the Company paid Finder’s fees of $6,300.00 cash and issued 52,500 Finder’s
Warrants to certain brokers , as permitted by the policies of the TSX Venture Exchange. Each Finder’s
Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.24
for a period of two years from the date of Closing.
The securities issued by the Company are subject to a statutory hold period which expires on January 1 ,
2024. Funds raised from the Financing will be used for the ongoing drilling and explor ation program at
the Company’s 100% owned Big Sandy Porphyry Copper Project and for general working capital.
Crescat Capital LLC (“Crescat”), a >10% insider and significant shareholder of the Company participated in
the Offering for a total of 1,666,667 Units, which participation constituted a “related party transaction”
for the purposes of Multilateral Instrument 61 -101, Protection of Minority Security Holders in Special
Transactions (“MI 61-101”). The Company relied upon exemptions from the formal valuation and minority
shareholder approval requirements of MI 61 -101 in completing the Financing with Crescat, on the basis
that the fair market value of such participation was less than 25% of Bell’s current market capitalization.
About Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of
large copper deposits located in Arizona. Bell Copper is exploring its 100% owned Big Sandy Porphyry
Copper Project and the Perseverance Porphyry Copper Project which is under a Joint Venture - Earn In.
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
Email: [email protected]
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.
Forward Looking Statements
This news release includes “forward -looking statements” and “forward -looking information” within the meaning of Canadian
securities legislation. All statements included in this news release, other than statements of historical fact, are forward -looking
statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified
by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and
statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions
and includes the negatives thereof.
Forward-looking statements in this news release include, but are not limited to, statements with respect to but not limited to ,
the expectations of management regarding the use of proceeds of the Financing. Forward -looking statements are based on a
number of assumptions and estimates that, while considered reasonable by management based on the business and markets in
which Bell Copper operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and
contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events
could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ
materially from the Company's expectations include: that the Company may not complete the Financing on terms favourable to
the Company or at all; that the TSX -V may not approve the Financing; that the proceeds of the Financing may not be used as
stated in this news relea se; actual exploration results, interpretation of metallurgical characteristics of the mineralization,
changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on
acceptable terms, general ec onomic, market or business conditions, uninsured risks, regulatory changes, delays or inability to
receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the
Company with securities regulators, including those described in the Company’s most recently filed MD&A. The Company does
not undertake to update or revise any forward-looking statements, except in accordance with applicable law.