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NEWS - Bell Amends Option Agreement on Sibley Lake
posted on
Oct 24, 2008 09:30AM
VANCOUVER, BRITISH COLUMBIA--(Oct. 24, 2008) - Bell Copper Corporation ("Bell Copper") (TSX VENTURE:BCU), announces that its option agreement with Benton Resources Corp. on the South Sibley Lake Property located in the Sibley Basin near Thunder Bay, Ontario has been amended.
Benton Resources has agreed to accept 845,000 common shares of Bell Copper at a price of $0.35 per share as reimbursement for exploration work conducted by Benton Resources Corp. on behalf of Bell Copper on the South Sibley Lake Property totaling $295,742. In order to maintain the option in good standing Bell Copper is required to conduct a further $204,258 of exploration work by December 31, 2008.
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.
On behalf of the Board of Directors of Bell Copper Corporation
W. Glen Zinn, CEO, President & Director
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.