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CORRECTION FROM SOURCE: Bell Copper Announces Closing of its Non Brokered Private Placement, Appointment of New Director and Results of its 2020 Annual and Special General Meeting
This document corrects and replaces the press release that was issued by Bell Copper Corporat...
About this update from Bell Copper Corporation
[{"type":"text","content":"CORRECTION FROM SOURCE: Bell Copper Announces Closing of its Non Brokered Private Placement, Appointment of New Director and Results of its 2020 Annual and Special General MeetingThis document corrects and replaces the press release that was issued by Bell Copper Corporation (\"Bell Copper\" or the \"Company\") disseminated earlier today at 4:44 AM PST. The error occurred in the last line of the first paragraph where it should have read, \"the gross proceeds of $853,109\" instead of $583,109.The corrected press release follows in full below:Vancouver, British Columbia--(Newsfile Corp. - September 22, 2020) - Bell Copper Corporation (TSXV: BCU) (\"Bell Copper\" or the \"Company\") reports that further to its news releases of August 20, 24 and 28, 2020 the Company has now closed its non-brokered private placement (the \"Financing\"), by the issuance of up to 5,687,390 units at a price of $0.15 per unit (the \"Units\"), raising gross proceeds of $853,109. Each Unit consists of one common share and one share purchase warrant (a \"Warrant\"). Each warrant shall be exercisable into one additional common share at a price of $0.25 per share for a period of one year from the date of closing of the Financing. The Company paid cash finder's fees of $1,800 incidental to the financing, as permitted by the policies of the TSX Venture Exchange.The securities issued by the Company in the Financing are subject to a statutory hold period which expires on January 17, 2021. Funds raised from this private placement will be used for continued exploration at the Company's 100% owned Big Sandy Porphyry Copper Project and for general working capital.Results 2020 Annual General MeetingThe Company also reports that at the Annual and Special General Meeting of its shareholders held September 15, 2020 (the \"ASGM\"), the Company experienced a strong turnout of votes. All resolutions proposed and voted on at the meeting were approved and duly passed with the support of greater than 84% or more of votes.The Company is pleased to report that at the meeting, Mr. Mario Stifano consented to and was elected as a new member of the Company's board of Directors. Additionally all the other incumbent directors, Dr. Timothy Marsh, Ms. Annie Storey, Mr. Werner Glen Zinn and Mr. Jonathan Godbe were elected to the Company's board, to hold office until the next annual gener...