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Bell Copper Receives TSX-V Approval to Extend Term of Share Purchase Warrants
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2021) - Bell Copper Corporation (T...
About this update from Bell Copper Corporation
[{"type":"text","content":"Bell Copper Receives TSX-V Approval to Extend Term of Share Purchase WarrantsVancouver, British Columbia--(Newsfile Corp. - August 12, 2021) - Bell Copper Corporation (TSXV: BCU) (\"Bell Copper\" or the \"Company\") announces that the TSX Venture Exchange (the \"Exchange\") has granted its acceptance to extend 5,687,390 share purchase warrants (\"Warrants\"), exercisable at $0.25 per share, issued in connection with a non-brokered private placement originally completed in September, 2020. The original expiry date of these Warrants was September 16, 2021 and they have now been extended by a further twelve months, to expire September 16, 2022. The exercise price will remain at $0.25 per Warrant.As a condition of extending these Warrants, the Company has implemented the following acceleration clause on the Warrants:At the discretion of the Company, Warrants will be subject to an accelerated expiry provision upon the occurrence of a triggering event (the \"Trigger Event\"). A Trigger Event shall occur when the closing price for the Company's common shares on the TSX Venture Exchange equals or exceeds $0.40 per share for a period of ten (10) consecutive trading days. On the occurrence of a Trigger Event, at any time after four months from the date of the issue of the Warrants, the Company may, within ten days of such a Trigger Event (but is not required to do so), shorten the term of the Warrants by giving thirty days' notice to the holders by way of a news release, in which case the Warrants shall expire within thirty days of the date of dissemination of the news release.About Bell CopperBell 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 ofBell Copper Corporation\"Timothy Marsh\"Timothy Marsh, President, CEO & DirectorFor further information please contact the CompanyTel: 1 800 418 8250Email: [email protected] 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.Forward-Looking StatementsT...