Bell Copper Closes Financing, Obtains Conditional Approval for Cordoba Minerals Earn-In and JV Agreement to Explore Kabba Project
September 17, 2018
News Release
Bell Copper Corporation - TSX.V Symbol: BCU
Bell Copper Closes Financing, Obtains Conditional Approval for Cordoba Minerals
Earn-In and JV Agreement to Explore Kabba Project
VANCOUVER, BC - Bell Copper (“Bell” or the “Company”) (TSX-V: BCU.V) is pleased to report that,
further to its news release date August 27, 2018, it has closed its $200,000 unit financing (the
“Financing”) and has received conditional approval from the TSX Venture Exchange for the Earn-In and
Joint Venture agreement with Cordoba Minerals Corp. ("Cordoba") (TSXV: CDB; OTCQX: CDBMF) under
which Cordoba will have the right to earn up to an 80% interest in the Company’s Kabba porphyry
copper project by completion of certain financial commitments and the expenditure of up to C$
17,000,000 on the project over the next 7.5 years.
The Company will issue 2,857,143 Units to Cordoba at $0.07 per Unit, each Unit consisting of 1 common
share of the Company and 1 common share purchase warrant (each a “Warrant”), with each Warrant
exercisable at $0.105 for an additional common share until September 17, 2019 (the “Expiry Time”),
subject to an acceleration clause which provides that if the Company’s common shares trade at $0.14
for a period of not less than thirty (30) consecutive trading days at any time prior to the Expiry Time,
then on 30 days written notice from the Company, Cordoba shall be obligated to exercise the Warrants
in full.
All securities issued in the Financing are subject to a 4-month hold expiring January 18, 2019.
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.
About Cordoba Minerals
Cordoba Minerals Corp. is a Toronto-based mineral exploration company primarily focused on the
exploration and acquisition of copper and gold projects in the Americas. Cordoba is currently focused on
its 100%-owned, San Matias Copper-Gold Project in Columbia. High Power Exploration Inc. (“HPX”), a
privately owned, metals-focused exploration company led by mining entrepreneur Robert Friedland,
owns a 72% interest in Cordoba Minerals.
Kabba Porphyry Copper Project
A primary focus for Bell Copper is the ongoing exploration and development at the Kabba Porphyry
Copper Project near Kingman, AZ, where we are pursuing the faulted-off top of a major porphyry copper
system, the bottom of which is exposed in the foothills 8+ km west of the Company's property.
Qualified Person
The technical content of this release has been reviewed and approved by Timothy Marsh, PhD, PEng.,
the Company’s CEO and President. No mineral resource has yet been identified on the Kabba Project.
There is no certainty that the present exploration effort will result in the identification of a mineral
resource or that any mineral resource that might be discovered will prove to be economically
recoverable.
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.
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 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 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 economic, 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 reg ulators, 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.