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
February 1, 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 releases of November 15 and December 30 , 2022, the Company has closed its
second and final tranche (“Second Tranche”) of its non-brokered private placement (the “Financing”).
In the Second Tranche, the Company issued 2,391,666 units (“Units”) at a price of $0.1 2 per Unit. Total
Units issued in the Financing of 3,840,166 Units , raised total gross proceeds of $ 460,819.92. Each Unit
consists of one common share and one share purchase warrant (a “ Warrant”). Each W arrant will be
exercisable into one additional common share at a price of $0.20 per share for a period of two years from
the date of closing of the Financing (“Closing”). At the discretion of the Company, Warrants will be subject
to an accelerated expiry upon the occurrence of a Trigger Event, as described in its November 15, 12022
news release.
Due to heightened market conditions, the Company was not able to extend the availability of the
Financing past January 31.
Total finder’s fees of $9,540.00 were paid incidental to the Financing, as permitted by the policies of the
TSX Venture Exchange.
The securities issued by the Company in th e Second Tranche of the Financing are subject to a statutory
hold period which expires on June 1, 2023. Funds raised from the Financing will be used for the ongoing
drilling and exploration program at the Company’s 100% owned Big Sandy Porphyry Copper Project and
for general working capital.
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 Cana dian
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, id entified
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 the expectations of
management regarding the proposed Financing, 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 release; actual exploration results, interpretation of
metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future me tal
prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks,
regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein a nd
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.