Bell Copper Announces Shares for Debt Settlement and Grant of Stock Options
April 4, 2023
NEWS RELEASE Bell Copper Corporation
Bell Copper Announces Shares for Debt Settlement and Grant of Stock Options
VANCOUVER, B.C. - Bell Copper Corporation (TSX.V: BCU) (OTCQB: BCUFF) (“Bell Copper” or the “Company”) announces that it has agreed to settle $60,000 of debt owing to a certain creditor by issuing 272,727 common shares (“Shares”) in the capital of the Company at a deemed price of $0.22 per Share. No warrants will be issued in connection with the debt settlement.
The debt settlement transaction is subject to the approval of the TSX Venture Exchange and all Shares issued pursuant to the debt settlement will be subject to a four-month statutory hold period. The debt settlement will not create a new control person nor are any insiders participating in the settlement.
The Company believes it is in the best interests of its shareholders to reduce the amount of indebtedness while preserving cash and improving its financial position.
The Company also announces the grant of 100,000 incentive options under the Company’s Stock Option Plan to a consultant of the Company, exercisable at $0.24 for a period of 2 years from the date of grant, subject to vesting provisions.
About Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona. Bell Copper is exploring its 100% owned Big Sandy Porphyry Copper Project and the Perseverance Porphyry Copper Project which is under a Joint Venture - Earn In.
On behalf of the Board of Directors of Bell Copper Corporation
"Timothy Marsh"
Timothy Marsh, President, CEO & Director
For further information please contact the Company Tel: 1 800 418 8250 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 900 - 885 West Georgia Street | Vancouver, British Columbia | V6C 3H1 | Canada 1-800-418-8250 | www:bellcopper.net | [email protected]