- Bell Copper Corporation (BCU) has finalized a non-brokered private placement offering of 4,264,706 units
- Gross proceeds from the offering total C$725,000.00
- The private placement consists of 4,264,706 units at a price of $0.17 per unit
- Each unit consists of one common share and one-half of a share purchase warrant
- Each full warrant can be exercised into one additional common share at a price of $0.26
- Funds raised will be used for the ongoing exploration program at the Big Sandy Porphyry Copper Project and for general working capital
- Bell Copper (BCU) is up 20 per cent, trading at C$0.21 per share at 2:11 pm EST
Bell Copper Corporation (BCU) has finalized a non-brokered private placement offering of 4,264,706 units to raise gross proceeds of C$725,000.00.
The private placement consists of 4,264,706 units at a price of $0.17 per unit.
Each unit consists of one common share and one-half of a share purchase warrant.
Each full warrant can be exercised into one additional common share at a price of $0.26 per share for a period of two years from the date of closing.
Bell Copper retains the option to accelerate the warrant expiry. If the closing price equals or exceeds $0.40 per share for ten consecutive trading days, the company will provide notice to the warrant holders that the exercise period of the warrants shall be reduced to 30 days, effective seven calendar days following the tenth consecutive trading day.
The securities issued will be subject to a hold period which will expire four months plus one day from the date of closing.
Funds raised will be used for the ongoing drilling and exploration program at the company’s Big Sandy Porphyry Copper Project and for general working capital.
Closing is subject to receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona.
Bell Copper (BCU) is up 20 per cent, trading at C$0.21 per share at 2:11 pm EST.
