Bell Copper Announces $2,500,000 Brokered Private Placement Financing

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[{"type":"text","content":"\n\n\n Mar. 11, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX-V Symbol: BCU\n\n\nVANCOUVER, March 11 /CNW Telbec/ - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) is pleased to\n announce a brokered private placement by D&D Securities Inc. (the\n "Agent") to raise up to $2,500,000 on a best efforts basis (the\n "Financing"). Pursuant to the Financing the Company will offer for sale\n through the Agent up to 12.5 million units (the "Units") at a price of\n $0.20 each, with each Unit consisting of one common share and one-half\n of one common share purchase warrant (each whole warrant, a "Warrant").\n The Warrants will be exercisable at $0.25 for 18 months from closing.\n\n\nProceeds from this financing will be used primarily to fund the\n feasibility study of the La Balsa project in Mexico, the acquisition of\n the Van Dyke project in Arizona, and drilling at the Kabba project in\n Arizona. \n\n\nLa Balsa is Bell's 100% owned development-stage copper project in\n Mexico.  A positive Scoping Study was issued on this low\n stripping-ratio (1.25:1), open pit project in 2010, which confirmed\n that over a projected 7 year life, the mine would be a low cost (cash\n costs of US $0.81/pound) producer of 151 million pounds of copper. The\n feasibility study is expected to cost approximately $1.3 million and be\n completed in the third quarter of this year. The Company has already\n ...

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