Bell Copper Corporation

Published : March 25th, 2015

Non-brokered Private Placement Financing

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Keywords :   Copper | Molybdenum |

Non-brokered Private Placement Financing


Vancouver, British Columbia -- Bell Copper Corporation ("Bell" or the "Company") (TSX-V: BCU) announces a non-brokered private placement of up to 7.22 million units at a price of five cents per unit ($0.05) to raise proceeds of up to $361,000. Each unit will consist of one common share and one-half common share purchase warrant (the "Unit Warrants") with each 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 Company may pay finders' fees on the private placement proceeds to certain parties in accordance with the policies of and subject to the approval of the TSX Venture Exchange. The proceeds of the private placement will be allocated toward the drilling program at the Company's Kabba, Arizona porphyry project (approximately $200,000) as well as for general working capital purposes.

Kabba Project

The Company's Kabba porphyry copper-molybdenum project lies between Freeport's Bagdad mine and Origin Mining's Mineral Park mine in northwestern Arizona, a state that has produced ten percent of the world's copper. The Kabba porphyry system has been intersected in drillholes K-8, K-9, and K-10 and was predicted to be present beneath gravel-covered hills based on a fault model linking it with an outcropping porphyry root zone 8 kilometers to the west. Drillholes K-8 and K-9/K-10 bracket the 1.7-kilometer width of the target porphyry. A key drillhole, K-11, will test the midpoint between the other holes in an area of previously identified electrical geophysical anomalies.

Electrical geophysical surveys conducted in 2010 and 2014 detected anomalous natural and induced electrical potentials typical of abundant pyrite in the subsurface across a 600-meter-wide zone between drillholes K-8 and K-9/K-10. The anomalous zone is believed to demark the eastern pyritic halo surrounding the Kabba porphyry target. A predicted copper-rich shell is expected to lie adjacent to this anomaly and extend westward back toward drillholes K-9 and K-10 where sparse disseminated chalcopyrite and bornite were found accompanied by thin quartz-molybdenite veinlets in an altered diatreme breccia and porphyry dike swarm.

The Company believes that any copper-rich shell in this location would lie under 200-400 meters of gravel cover. Leached capping as much as 200 meters thick has been encountered in the Company's previous drilling at Kabba, suggesting that if a copper shell is discovered, it is likely to be overlain by a supergene blanket of enriched copper.

Age dating of molybdenite from Kabba drillhole K-10 by Dr. Holly Stein at Colorado State University using the Re/Os method shows it to be Laramide in age, the period of time when most of Arizona's large copper deposits formed. A second molybdenite sample collected from the surface of the outcropping root zone area was also determined to be Laramide in age, but nearly 8 million years younger than the K-10 sample. The lengthy 8-million-year duration of molybdenite mineralization in the Kabba district is in accordance with the large size of the target, and is typical of some of the world's biggest porphyry copper deposits where ore-forming processes operated over millions of years.

2015 Drill Plans

The Company intends to complete the key test of the hypothetical copper-rich core of the Kabba porphyry target in the second quarter of 2015. Bell believes that drilling could commence as soon as 60 days following the closing of financing. The Company is pursuing multiple funding sources to complete the drilling, including private placements and earn-in options with major copper producers. Permitting of the proposed K-11 drill site has already received approval from the Arizona State Land Department, subject to completion of a native plant survey and payment of a "stumpage fee" for vegetation removed during construction of the drill site. Finalization of permitting is estimated to take 60 days. Approximately $200,000 of funds raised will be allocated toward the completion of K-11, with the balance going toward general working capital.

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.

"Bell's drilling efforts at Kabba since 2007 to locate the displaced hangingwall of this large porphyry system have reached a crucial point. We went looking for a giant and we now think that we have it in a box. Hole K-11 will tell us whether the geologic processes that produced the encouraging mineralization and alteration seen in the previous drilling were sufficiently intense and effective in the heart of the system to produce ore-grade material. Any success in this endeavor will fall fully into the hands of our shareholders."

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: 480.570.7077

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.
Read the rest of the article at www.noodls.com

Bell Copper Corporation

DEVELOPMENT STAGE
CODE : BCU.V
ISIN : CA0778862080
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Bell Copper is a copper exploration company based in Canada.

Bell Copper develops copper and gold in Mexico, and holds various exploration projects in Canada and in Mexico.

Its main asset in development is LA BALSA in Mexico and its main exploration properties are SOMBRERO BUTTE, KABBA and LEDUC in Canada and SILVER BELL and COPPER SPRINGS (BELLCOPPER) in Mexico.

Bell Copper is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.7 millions as of today (US$ 2.0 millions, € 1.8 millions).

Its stock quote reached its highest recent level on April 13, 2006 at CA$ 6.20, and its lowest recent point on March 06, 2015 at CA$ 0.01.

Bell Copper has 41 410 000 shares outstanding.

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Annual reports of Bell Copper Corporation
Annual Report 2007
Financings of Bell Copper Corporation
3/29/2012Announces Amendments to Private Placement Financing
6/3/2011Closes Balance of $4.5 Million Financing
5/12/2011Closes First Tranche of Financing
4/27/2011Increases Financing to $4 Million and Announces Board and Ma...
6/17/2010Shares Issued to Macquarie, Expiration & Exercise of Share P...
5/17/2010Non-Brokered Private Placement
3/10/2010Closing of Private Placement
1/21/2010Non-brokered Private Placement Increase
11/30/2009Non-Brokered Private Placements
11/2/2009Closing of Private Placement and Warrant Amendment
10/29/2009Non-Brokered Private Placement
8/13/2009Private Placement Closed and Warrant Amendment Approved
8/11/2009Private Placement Increased
7/29/2009Non-Brokered Private Placement
3/10/2009Non-Brokered Private Placement
12/17/2008Kabba Project Drilling - Increased Private Placement
12/11/2008Non-Brokered Convertible Debenture Private Placement
11/3/2008Non Brokered Private Placement
9/25/2008Second Tranche Closing of Private Placement
9/8/2008First Tranche Closing of Private Placement
8/7/2008Non-Brokered Private Placement Terms Amended
7/9/2008Non Brokered Private Placement
4/18/2008Brokered Private Placement Of Units
Nominations of Bell Copper Corporation
2/29/2012Announces Changes to Board of Directors
10/7/2011Announces Appointment of New Corporate Secretary
5/8/2007Appointment to the Board & Exercising of Warrants
Project news of Bell Copper Corporation
8/7/2013(La Balsa)Completes Sale of the La Balsa Project & SXEW Plant - Procee...
7/9/2013(La Balsa)Agreement to Sell the La Balsa Project & SXEW Plant Proceeds...
9/10/2012(Sombrero Butte)Amends Purchase Agreement with Copper Fox Metals and Complet...
4/12/2012(Kabba)Options 60% Interest in Kabba Project to AKA Ventures
3/21/2012(La Balsa)Provides Update on its La Balsa Project
3/12/2012to Complete Van Dyke Acquisition
9/1/2011(Kabba)Intersects Significant Base Metal Mineralization in Kabba Po...
6/30/2010(La Balsa)Drilling Update
5/18/2010(La Balsa)Update
5/13/2010Sombrero 43-101 Technical Report
5/6/2010(La Balsa)Exploitation Agreement
5/4/2010(La Balsa)Drilling commences
2/11/2010(Kabba)Completes Drillhole K-8, Cores K-9
12/16/2009(Granduc Copper Mine)Begins Geophysical Survey of Granduc Mine
12/14/2009(Kabba)Begins Drillhole K-8 at Kabba Project
11/23/2009(Kabba)Kabba Drilling Update
11/6/2009(Kabba)Kabba Drilling Update
11/2/2009(Kabba)Kabba Phase II Drill Update:
7/7/2009(Kabba)Kabba Drilling Update
6/11/2009(Kabba)Kabba Drilling Re-Commences
3/10/2009(Kabba)Kabba Drilling Update
3/2/2009(Kabba)Kabba Drilling Commences
1/27/2009(Sombrero Butte)Mineral Exploration Roundup Core Shack 2009
1/13/2009(Sombrero Butte)Creek-Sombrero Option Agreement Amendment
6/24/2008(Kabba)Kabba Data Compilation Supports Large Porphyry Mo-Cu Target
3/17/2008(Fox River Mafic Belt)Drilling Begins at Fox River Project
2/6/2008Phase II Drilling Complete at Sombrero Butte in Arizona
1/28/2008(La Balsa) Reports La Balsa NI 43-101 Technical Report
7/4/2007(Fox River Mafic Belt)Fox River Exploration Update
5/24/2007More High Grade Copper from Arizona: Bell cuts 66 meters of ...
5/23/2007(Kabba)Drilling of Cu-Mo Porphyry Target Begins at Kabba Project
Corporate news of Bell Copper Corporation
9/17/2015Bell Issues Units, Shares For Debt And Announces Annual Meet...
3/25/2015Non-brokered Private Placement Financing
11/20/2013(Kabba)Kabba NI43-101 Report
9/24/2012Announces Management Changes/Advance Notice Policy
7/9/2012(Sombrero Butte)Signs Purchase Agreement with Copper Fox Metals in Respect o...
6/28/2012Announces Results of Annual and Special Meeting of Sharehold...
6/21/2012Provides Corporate Update
6/8/2012Announces Defaults Under Secured Term Credit Facility
5/31/2012Announces Proposed Share Consolidation
6/27/2011(Kabba)Commences Drilling a 3 km by 5 km Copper-Molybdenum Porphyry...
6/20/2011(La Balsa)Advances La Balsa Feasibility Study and Van Dyke Programs fo...
3/11/2011Announces $2,500,000 Brokered Private Placement Financing
8/19/2010La Balsa Iron Ore Exploitation Agreement
6/2/2010Drillhole K-9 Update
5/12/2010New Director Appointed
5/3/2010Shares Issued To Macquarie
4/29/2010Retains Renmark Financial Communications Inc.
4/9/2010Shares Issued to Macquarie
4/8/2010Van Dyke Copper Mine Purchase
4/6/2010Granduc Option Agreement
3/2/2010Shares Issued To Macquarie
2/4/2010Shares Issued to Macquarie
1/21/2010Management Addition
12/15/2009New Management
12/9/2009Acquisition of 100% Interest in Silver Leduc Mineral Claims
12/7/2009Proposes Spin-Off Transaction
11/5/2009Shares Issued To Macquarie
10/2/2009Shares Issued To Macquarie
9/2/2009Shares Issued to MacQuarie
8/13/2009Gryphon Summit Litigation
7/3/2009Shares Issued To Macquarie
3/4/2009Shares Issued To Macquarie
2/26/2009Debenture Financing Completed
2/6/2009Options
1/23/2009Extension of Macquarie Demand Debenture
12/17/2008Investor Relations
12/4/2008Strategic Plan
11/15/2008CFO, Brian Leeners provides update on Bell Copper's upcoming...
8/23/2008Disclosure Review
7/16/2008Options Interest in Arizona Project
7/14/2008Brian Leeners explains the significance of new breccia pipes...
7/8/2008Discovers Advanced Argillic Alteration in New Breccia Pipes ...
6/25/2008Executive Interview
4/12/2008Announces Final Court Hearing Date for Grandcru-Rogue River ...
4/8/2008 Grandcru Resources and Rogue River Resources Announce Propo...
4/3/2008 Retains Agoracom To Provide Investor Relations, Social Netw...
4/3/2008Exhibiting at the Calgary Resource Investment Conference
3/29/2008, Grandcru Resources And Rogue River Resources Receive Major...
2/28/2008Phase II Drilling Confirms More Copper at Sombrero Butte in ...
12/19/2007Options Outland Silver Bar Property to Glen Hawk Minerals Lt...
10/31/2007Continued Drilling at La Balsa Finds More Copper in New
10/30/2007 Phase II Drilling at Sombrero Butte Targets Suspected Under...
10/16/2007Begins Phase One Drilling Program at Gryphon Project
10/10/2007Provides Gryphon Summit Property Overview
9/25/2007Option Agreement With Golden Gryphon USA, Inc.
9/20/2007Reports La Balsa Project Drill Results of Rogue River Resour...
9/19/2007Drilling Begins at Mesa Well Project in Arizona
9/4/2007Grandcru Resources & Rogue River Resources to Complete Three...
8/15/2007 Continues to Expand Presence in Arizona With New Copper Pro...
8/8/2007Introduces New Porphyry Copper Project in Arizona
7/10/2007Extends Copper Mineralization at Sombrero Butte Project
7/5/2007Engages Barnes McInerney
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