Business
Bell Copper Enters into Agreement with Castle Resources for Sale of 100% Interest in the Granduc Copper Mine in Stewart, B.C.
Bell Copper Enters into Agreement with Castle Resources for Sale of 100% Interest in the Granduc ...
About this update from Bell Copper Corporation
[{"type":"text","content":"\n\n\n\n Aug. 31, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n TSX-V Symbol: BCU\n \n\n VANCOUVER, Aug. 31 /CNW Telbec/ - Bell Copper Corporation ("Bell\n Copper" or the "Company") (TSX-V Symbol: BCU) announces that it has\n signed a binding letter agreement ("Letter Agreement") with Castle\n Resources ("Castle") to sell its 100% interest in the past producing\n Granduc Copper Mine located near Stewart, B.C.\n \n\n The 100% sale of the Granduc Mine to Castle supersedes the previously\n announced option agreement between the Company and Castle (see press\n release dated July 19, 2010). Upon closing of the formal agreement\n to sell a 100% interest in the Granduc Property, the prior option\n agreement will be considered null and void. To complete the purchase of\n the Granduc, Castle agrees to pay to Bell Copper a further $2 million\n (for a total of $4.5 million) and issue a further 2,750,000 Castle\n common shares (for a total of 3.0 million common shares) on or before\n December 1, 2010.\n \n\n About Bell Copper\n \n\n Bell Copper is a public company with a focus on copper exploration,\n development and production in North America. The Company has an\n extensive portfolio of exploration and development projects located in\n some of North America's premier copper producing regions including\n Mexico, the Southwestern US and Northwestern British Columbia.\n \n\n More information on Bell Copper: www.bellcopper.net\n \n\n On behalf of the Board of Directors ofBell Copper Corporation\n \n\n "Michael Werner"\n \n\n Michael Werner, CEO & Director \n \n\n "Neither TSX Venture Exchange nor its Regulation Services Provider\n (as that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release."\n \n\n\n\n\nBell Copper Corporation             &#x...