VALUE THROUGH PRODUCTION AND DISCOVERY
Focused on the Exploration and Development through Partnership of its portfolio of Porphyry Copper Targets
Message: NEWS - Bell Copper Corporation: Non-Brokered Private Placement Terms Amended
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| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 7, 2008) - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) announces that due to changing market conditions the Company will, subject to regulatory approval, amend the terms of its Offering announced on April 17, 2008 and amended on July 9, 2008 to the sale of 3,937,500 units at a price of CDN$0.40 per unit to raise gross proceeds of CDN$1,575,000. Each unit will consist of one common share and one half of one share purchase warrant, with each full warrant entitling the holder to acquire one additional common share of the Company at a price of CDN$0.50 per common share for a period of one year from closing. The proceeds of the private placement will be used for general working capital. The Company will pay a cash commission of 8% to various finders in accordance with the policies of the TSX Venture Exchange. The private placement is subject to TSX Venture Exchange acceptance. Bell Copper - Value through Production & Discovery Bell Copper is focused on the development to production of the La Balsa copper mine in Michoacan, Mexico & the Granduc copper mine in British Columbia, Canada while continuing exploration and development of its pipeline of copper projects in some of the world's premier copper producing regions. More information on Bell Copper: www.bellcopper.net On behalf of the Board of Directors of Bell Copper Corporation W. Glen Zinn, President and CEO Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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