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Bell Copper Corporation

Publié le 27 avril 2011

Increases Financing to $4 Million and Announces Board and Management Changes

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Bell Copper Increases Financing to $4 Million and Announces Board and Management Changes

Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) is pleased to announce that it has agreed to increase its previously announced brokered private placement from $2.5 million up to $4 million. The Company will continue to offer units at $0.20. Each unit however will now consist of one common share and one common share purchase warrant, with each warrant now exercisable at $0.35 for a period of 18 months from the date of closing.

Proceeds from this financing will be used primarily to fund the feasibility study of the Company's La Balsa project in Mexico, the proposed acquisition of the Van Dyke project in Arizona, the commencement of confirmation drilling and core re-assaying aimed at bringing the historical resources at Van Dyke into a 43-101 compliant status, the commencement of a Preliminary Economic Assessment at Van Dyke, and planned drilling at the Company's Kabba project in Arizona.

D&D Securities Inc. is acting as lead agent for the Financing, with Delano Capital Corp. acting as a co-agent (collectively the "Agents"). Upon the closing of the Financing, the Agents 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 Agents on closing entitling the Agents to purchase, at an exercise price of $0.20 for a period of 18 months, that number of common shares equal in number to 10% of aggregate number of Units sold in the Financing. The Financing is subject to a number of conditions including receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the Financing will be subject to a statutory hold period of four months, plus a day, from the date of issuance in accordance with applicable securities law legislation.

The Company is also pleased to announce changes to its board of directors and new additions to its management team. Gordon Fretwell and William Harper have resigned from the board, and these openings are being filled by Stan Bharti and Don Dudek. The board wishes to thank Mr. Fretwell and Mr. Harper for their years of service to the Company and for their assistance in helping to build the Company's strong portfolio of development and exploration properties.

Over the last two decades, Mr. Bharti has been responsible for the creation and growth of multiple mining companies which have seen increases in market capitalization in the billions of dollars. He has extensive experience in the acquisition, restructuring and financing of mining companies, and since 2001 has been the Executive Chairman of Forbes & Manhattan, Inc., a private merchant bank operating in Canada, the United States and Western Europe. Previous positions include Chief Executive Officer of Consolidated Thompson-Lundmark Gold Mines Ltd., and President and Chief Executive Officer of Desert Sun Mining Corp.

Mr. Dudek is an exploration geologist who has held various roles with junior to senior exploration and mining companies over the past 30 years. Mr. Dudek currently serves as Senior Vice President Exploration for Avion Gold Corporation and is a member of the board of directors for Sulliden Gold Corporation and Alder Resources Ltd. Prior to Avion, Mr. Dudek was Exploration Manager for Aur Resources Inc. over an area that included northern South America through to northern Canada. During this time, he reviewed numerous projects in Latin America including Bell Copper's projects in Mexico and Arizona. This combination of experience makes him an ideal person to provide geological and operational guidance to the board.

In addition, Deborah Battiston has joined the Company as the new Chief Financial Officer, and Steve Manz has joined as the Vice President of Business Development.

Deborah Battiston is a Certified General Accountant with over 25 years of accounting and financial management experience. Ms. Battiston is the Chief Financial Officer of a number of Canadian public mining companies with interest in a variety of foreign jurisdictions. Ms. Battiston obtained a B.A. in Economics from the University of Guelph.

Mr. Manz has over 20 years of experience in corporate and operational finance, merger/acquisitions, start-ups, and turnarounds. He has acted as President and Chief Financial Officer of a number of companies in the mining and power industries, and has been directly involved in the securing of over $800 million of small to mid-cap debt and equity. Companies managed or acquired by Mr. Manz have seen over $1 billion of increased market capitalization.

The Company also announces that as a result of its decision on February 7, 2011 not to proceed with its plans to spin off its exploration projects into a new company and consolidate the share capital in the separate company that was to have held the La Balsa and Van Dyke development projects, it has adjusted the number of shares that are to be provided to the vendor of the Van Dyke assets. The vendor, which was to have received 2 million shares of the post spin-off and post consolidation shares of the company holding the La Balsa and Van Dyke development projects, will now be receiving 5.6 million shares of the Company following the completion of the Van Dyke acquisition, estimated to be completed within the next 60 days.

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

 

Bell Copper Corporation

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CODE : BCU.V
ISIN : CA0778862080
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Bell Copper est une société d’exploration minière de cuivre basée au Canada.

Bell Copper est en développement de projets de cuivre et d'or au Mexique, et détient divers projets d'exploration au Canada et au Mexique.

Son principal projet en développement est LA BALSA au Mexique et ses principaux projets en exploration sont SOMBRERO BUTTE, KABBA et LEDUC au Canada et SILVER BELL et COPPER SPRINGS (BELLCOPPER) au Mexique.

Bell Copper est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 3,1 millions CA$ (2,3 millions US$, 2,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 13 avril 2006 à 6,20 CA$, et son plus bas niveau récent le 06 mars 2015 à 0,01 CA$.

Bell Copper possède 41 410 000 actions en circulation.

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Rapports annuels de Bell Copper Corporation
Annual Report 2007
Financements de Bell Copper Corporation
29/03/2012Announces Amendments to Private Placement Financing
03/06/2011Closes Balance of $4.5 Million Financing
12/05/2011Closes First Tranche of Financing
27/04/2011Increases Financing to $4 Million and Announces Board and Ma...
17/06/2010Shares Issued to Macquarie, Expiration & Exercise of Share P...
17/05/2010Non-Brokered Private Placement
10/03/2010Closing of Private Placement
21/01/2010Non-brokered Private Placement Increase
30/11/2009Non-Brokered Private Placements
02/11/2009Closing of Private Placement and Warrant Amendment
29/10/2009Non-Brokered Private Placement
13/08/2009Private Placement Closed and Warrant Amendment Approved
11/08/2009Private Placement Increased
29/07/2009Non-Brokered Private Placement
10/03/2009Non-Brokered Private Placement
17/12/2008Kabba Project Drilling - Increased Private Placement
11/12/2008Non-Brokered Convertible Debenture Private Placement
03/11/2008Non Brokered Private Placement
25/09/2008Second Tranche Closing of Private Placement
08/09/2008First Tranche Closing of Private Placement
07/08/2008Non-Brokered Private Placement Terms Amended
09/07/2008Non Brokered Private Placement
18/04/2008Brokered Private Placement Of Units
Nominations de Bell Copper Corporation
29/02/2012Announces Changes to Board of Directors
07/10/2011Announces Appointment of New Corporate Secretary
08/05/2007Appointment to the Board & Exercising of Warrants
Projets de Bell Copper Corporation
07/08/2013(La Balsa)Completes Sale of the La Balsa Project & SXEW Plant - Procee...
09/07/2013(La Balsa)Agreement to Sell the La Balsa Project & SXEW Plant Proceeds...
10/09/2012(Sombrero Butte)Amends Purchase Agreement with Copper Fox Metals and Complet...
12/04/2012(Kabba)Options 60% Interest in Kabba Project to AKA Ventures
21/03/2012(La Balsa)Provides Update on its La Balsa Project
12/03/2012to Complete Van Dyke Acquisition
01/09/2011(Kabba)Intersects Significant Base Metal Mineralization in Kabba Po...
30/06/2010(La Balsa)Drilling Update
18/05/2010(La Balsa)Update
13/05/2010Sombrero 43-101 Technical Report
06/05/2010(La Balsa)Exploitation Agreement
04/05/2010(La Balsa)Drilling commences
11/02/2010(Kabba)Completes Drillhole K-8, Cores K-9
16/12/2009(Granduc Copper Mine)Begins Geophysical Survey of Granduc Mine
14/12/2009(Kabba)Begins Drillhole K-8 at Kabba Project
23/11/2009(Kabba)Kabba Drilling Update
06/11/2009(Kabba)Kabba Drilling Update
02/11/2009(Kabba)Kabba Phase II Drill Update:
07/07/2009(Kabba)Kabba Drilling Update
11/06/2009(Kabba)Kabba Drilling Re-Commences
10/03/2009(Kabba)Kabba Drilling Update
02/03/2009(Kabba)Kabba Drilling Commences
27/01/2009(Sombrero Butte)Mineral Exploration Roundup Core Shack 2009
13/01/2009(Sombrero Butte)Creek-Sombrero Option Agreement Amendment
24/06/2008(Kabba)Kabba Data Compilation Supports Large Porphyry Mo-Cu Target
17/03/2008(Fox River Mafic Belt)Drilling Begins at Fox River Project
06/02/2008Phase II Drilling Complete at Sombrero Butte in Arizona
28/01/2008(La Balsa) Reports La Balsa NI 43-101 Technical Report
04/07/2007(Fox River Mafic Belt)Fox River Exploration Update
24/05/2007More High Grade Copper from Arizona: Bell cuts 66 meters of ...
23/05/2007(Kabba)Drilling of Cu-Mo Porphyry Target Begins at Kabba Project
Communiqués de Presse de Bell Copper Corporation
17/09/2015Bell Issues Units, Shares For Debt And Announces Annual Meet...
25/03/2015Non-brokered Private Placement Financing
20/11/2013(Kabba)Kabba NI43-101 Report
24/09/2012Announces Management Changes/Advance Notice Policy
09/07/2012(Sombrero Butte)Signs Purchase Agreement with Copper Fox Metals in Respect o...
28/06/2012Announces Results of Annual and Special Meeting of Sharehold...
21/06/2012Provides Corporate Update
08/06/2012Announces Defaults Under Secured Term Credit Facility
31/05/2012Announces Proposed Share Consolidation
27/06/2011(Kabba)Commences Drilling a 3 km by 5 km Copper-Molybdenum Porphyry...
20/06/2011(La Balsa)Advances La Balsa Feasibility Study and Van Dyke Programs fo...
11/03/2011Announces $2,500,000 Brokered Private Placement Financing
19/08/2010La Balsa Iron Ore Exploitation Agreement
02/06/2010Drillhole K-9 Update
12/05/2010New Director Appointed
03/05/2010Shares Issued To Macquarie
29/04/2010Retains Renmark Financial Communications Inc.
09/04/2010Shares Issued to Macquarie
08/04/2010Van Dyke Copper Mine Purchase
06/04/2010Granduc Option Agreement
02/03/2010Shares Issued To Macquarie
04/02/2010Shares Issued to Macquarie
21/01/2010Management Addition
15/12/2009New Management
09/12/2009Acquisition of 100% Interest in Silver Leduc Mineral Claims
07/12/2009Proposes Spin-Off Transaction
05/11/2009Shares Issued To Macquarie
02/10/2009Shares Issued To Macquarie
02/09/2009Shares Issued to MacQuarie
13/08/2009Gryphon Summit Litigation
03/07/2009Shares Issued To Macquarie
04/03/2009Shares Issued To Macquarie
26/02/2009Debenture Financing Completed
06/02/2009Options
23/01/2009Extension of Macquarie Demand Debenture
17/12/2008Investor Relations
04/12/2008Strategic Plan
15/11/2008CFO, Brian Leeners provides update on Bell Copper's upcoming...
23/08/2008Disclosure Review
16/07/2008Options Interest in Arizona Project
14/07/2008Brian Leeners explains the significance of new breccia pipes...
08/07/2008Discovers Advanced Argillic Alteration in New Breccia Pipes ...
25/06/2008Executive Interview
12/04/2008Announces Final Court Hearing Date for Grandcru-Rogue River ...
08/04/2008 Grandcru Resources and Rogue River Resources Announce Propo...
03/04/2008 Retains Agoracom To Provide Investor Relations, Social Netw...
03/04/2008Exhibiting at the Calgary Resource Investment Conference
29/03/2008, Grandcru Resources And Rogue River Resources Receive Major...
28/02/2008Phase II Drilling Confirms More Copper at Sombrero Butte in ...
19/12/2007Options Outland Silver Bar Property to Glen Hawk Minerals Lt...
31/10/2007Continued Drilling at La Balsa Finds More Copper in New
30/10/2007 Phase II Drilling at Sombrero Butte Targets Suspected Under...
16/10/2007Begins Phase One Drilling Program at Gryphon Project
10/10/2007Provides Gryphon Summit Property Overview
25/09/2007Option Agreement With Golden Gryphon USA, Inc.
20/09/2007Reports La Balsa Project Drill Results of Rogue River Resour...
19/09/2007Drilling Begins at Mesa Well Project in Arizona
04/09/2007Grandcru Resources & Rogue River Resources to Complete Three...
15/08/2007 Continues to Expand Presence in Arizona With New Copper Pro...
08/08/2007Introduces New Porphyry Copper Project in Arizona
10/07/2007Extends Copper Mineralization at Sombrero Butte Project
05/07/2007Engages Barnes McInerney
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