By Devika Patel
Knoxville, Tenn., Nov. 3 - Bell Copper Corp. said it hopes to raise C$1.5 million in a private placement of units.
The company will sell 15 million units at C$0.10 apiece. Each unit consists of one common share and one warrant. Each warrant will be exercisable at C$0.20 for one year.
Proceeds will be used for drill testing as well as for general working capital purposes.
Vancouver, B.C.-based Bell Copper is an exploration-stage company engaged in the acquisition and exploration of prospective base metals properties in North America.
| Issuer: | Bell Copper Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 15 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.20
|
| Pricing date: | Nov. 3
|
| Stock symbol: | TSX Venture: BCU
|
| Stock price: | C$0.20 at close Nov. 3
|
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