Offering conducted on best-efforts basis through agent D&D Securities
By Devika Patel
Knoxville, Tenn., April 26 - Bell Copper Corp. said it has increased and amended the terms of a private placement of units to C$4 million from C$2.5 million. The deal, which priced March 11, is being conducted by lead agent D&D Securities Inc. on a best-efforts basis; Delano Capital Corp. is co-agent.
The company is selling units of one common share and one warrant at C$0.20 per unit. Each warrant is now exercisable at C$0.35 for 18 months. The warrants originally were exercisable at C$0.25.
The strike price is a 94.44% premium to the March 10 closing share price of C$0.18.
Proceeds will be used for 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.
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$4 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.35
|
| Agents: | D&D Securities Inc. (lead), Delano Capital Corp.
|
| Pricing date: | March 11
|
| Upsized: | April 26
|
| Stock symbol: | TSX Venture: BCU
|
| Stock price: | C$0.18 at close March 10
|
| Market capitalization: | C$28.66 million
|
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