- Bell Copper (BCU) has announced a non-brokered private placement to raise gross proceeds of up to $3,000,000
- The company will issue 25,000,000 units at $0.12 per unit
- Each unit will consist of one common share and one share purchase warrant
- Bell Copper is a mineral exploration company focusing on the identification, exploration and discovery of large copper deposits in Arizona
- Bell Copper Corp. (BCU) is down 18.75 per cent, trading at C$0.13 per share at 2:28 pm ET
Bell Copper (BCU) has announced a non-brokered private placement to raise gross proceeds of up to $3,000,000.
The company will issue 25,000,000 units at $0.12 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to acquire an additional share at a price of $0.20 for a period of two years from the date of closing of the private placement.
Bell Copper will use the funds raised for the ongoing drilling and exploration program at the company’s 100 per cent owned Big Sandy Porphyry Copper Project. It will also use the proceeds for general working capital requirements.
The company’s Big Sandy property is located in Arizona. The company began exploring the Big Sandy area in 2009, after geologic success in discovering what was believed to be the faulted top of the Wheeler Wash porphyry copper-molybdenum system, 30 kilometres to the north at the company’s Perseverance project.
Bell Copper is a mineral exploration company focusing on the identification, exploration and discovery of large copper deposits in Arizona.
Bell Copper Corp. (BCU) is down 18.75 per cent, trading at C$0.13 per share at 2:28 pm ET.