Offering conducted on best-efforts basis through agent D&D Securities
By Devika Patel
Knoxville, Tenn., Feb. 9 - Bell Copper Corp. said it has arranged a C$2 million private placement of units. The deal will be conducted by agent D&D Securities Inc. on a best-efforts basis.
The company will sell 25 million units at C$0.08 apiece. Each unit will consist of one common share and one half-share warrant, with each whole warrant exercisable at C$0.12 for 18 months.
The strike price is a 50% premium to the Feb. 8 closing share price of C$0.08.
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 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 half-share warrant, flow-through common shares
|
| Amount: | C$2 million
|
| Units: | 25 million
|
| Price: | C$0.08
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.12
|
| Agent: | D&D Securities Inc.
|
| Pricing date: | Feb. 9
|
| Stock symbol: | TSX Venture: BCU
|
| Stock price: | C$0.08 at close Feb. 8
|
| Market capitalization: | C$13.02 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.
