By Devika Patel
Knoxville, Tenn., July 9 - Bell Copper Corp. said it hopes to raise C$1.58 million in a private placement of units.
The company will sell 3.15 million units at C$0.50 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant will be exercisable at C$0.75 for one year.
Proceeds will be used for working capital.
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 half-share warrant
|
| Amount: | C$1,575,000
|
| Units: | 3.15 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.75
|
| Pricing date: | July 9
|
| Stock symbol: | TSX Venture: BCU
|
| Stock price: | C$0.50 at close July 8
|
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