Bell Copper Corporation

Published : March 11th, 2011

Announces $2,500,000 Brokered Private Placement Financing

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Keywords :   Copper | G Mexico | Mexico |

Bell Copper Announces $2,500,000 Brokered Private Placement Financing

Friday, March 11, 2011

Vancouver, B.C.: Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) is pleased to announce a brokered private placement by D&D Securities Inc. (the "Agent") to raise up to $2,500,000 on a best efforts basis (the "Financing"). Pursuant to the Financing the Company will offer for sale through the Agent up to 12.5 million units (the "Units") at a price of $0.20 each, with each Unit consisting of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). The Warrants will be exercisable at $0.25 for 18 months from closing.

Proceeds from this financing will be used primarily to fund the feasibility study of the La Balsa project in Mexico, the acquisition of the Van Dyke project in Arizona, and drilling at the Kabba project in Arizona.

La Balsa is Bell's 100% owned development-stage copper project in Mexico. A positive Scoping Study was issued on this low stripping-ratio (1.25:1), open pit project in 2010, which confirmed that over a projected 7 year life, the mine would be a low cost (cash costs of US $0.81/pound) producer of 151 million pounds of copper. The feasibility study is expected to cost approximately $1.3 million and be completed in the third quarter of this year. The Company has already purchased its SX-EW plant for the project, and conditional upon the feasibility study confirming the positive economics of the Scoping Study, the mine could be in operation after a further 18 month construction period.

The Company also intends to use $500,000 from this financing to fund the initial acquisition payment on a 100% interest in the Van Dyke project, located at the town of Miami, AZ (with the remaining $2 million of cash payments due over the remaining 8 years as an advance against a 2.5% NSR). This project was drilled in the 1970's by Occidental Minerals, which calculated a historical resource of 167 million tons grading 0.41% copper (using a 0.1% cut-off) for 1.37 billion pounds of contained copper. This historical resource is not compliant with NI43-101 and cannot be relied on. Pilot testing by Occidental suggests that the copper would be amenable to low cost, low impact, in-situ leaching.

Upon the closing of the Financing, the Agent will receive a cash commission representing 7% of the gross proceeds of the sale of the securities. The Company will also issue share purchase warrants to the Agent on closing (the "Agent's Warrants") entitling the Agent to purchase, at an exercise price of $0.20, that number of common shares equal in number to 10% of aggregate number of Units sold in the Financing.

For the purposes of this news release, the Qualified Person is Timothy Marsh, Ph.D., P.Eng., the Company's President.

About Bell Copper

Bell Copper is a public company with a focus on copper exploration, development and production in North America. The Company has an extensive portfolio of exploration and development projects located in some of North America's premier copper producing regions including Mexico and the Southwestern US.

More information on Bell Copper: www.bellcopper.net

On behalf of the Board of Directors of
Bell Copper Corporation


"Michael Werner"

Michael Werner, CEO & Director

For further information, contact:

Bell Copper Corporation

Sarah Stephanson
Executive Assistant
Tel.: (604) 669-1484
info@bellcopper.net
www.bellcopper.net

Renmark Financial Communications Inc.

Christine Stewart:
cstewart@renmarkfinancial.com
Jason Roy:
jroy@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com

"Neither 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."

You can also view this News Release on our website at:
http://www.bellcopper.net/s/News_Releases.asp?ReportID=447038

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

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$ 2.9 millions as of today (US$ 2.1 millions, € 2.0 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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