By Devika Patel
Knoxville, Tenn., May 17 - Bell Copper Corp. said it has arranged a C$3 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.30 per unit. The warrants are each exercisable at C$0.50 each for one year.
Proceeds will be used for the current work programs, the La Balsa Feasibility Study, to retire debt and for general 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 warrant
|
| Amount: | C$3 million
|
| Units: | 10 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | May 17
|
| Stock symbol: | TSX Venture: BCY
|
| Stock price: | C$0.305 at close May 14
|
| Market capitalization: | C$38.3 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
