VanEck Vectors Global Alternative Energy ETF

Published : July 09th, 2013

Agreement to Sell the La Balsa Project & SXEW Plant Proceeds to Eliminate Bank Debt

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Debt | G Mexico | Mexico |

Agreement to Sell the La Balsa Project & SXEW Plant Proceeds to Eliminate Bank Debt

Tuesday, July 09, 2013

Vancouver, British Columbia -- Bell Copper Corporation ("Bell" or the "Company") (TSX-V: BCU) announces that it, along with its wholly owned subsidiaries Rogue River Resources Corp. ("Rogue River") and Minera Montoro S.A. de C.V. ("Montoro") which holds the La Balsa project in Mexico, have entered into a share and asset sale and purchase agreement with Binhhai Harbour Group HK Co., Limited ("Binhai") and Mr. Jie Lu ("Lu") (Binhai and Lu collectively the "Purchasers") pursuant to which: (i) the Purchasers will purchase 100% of the issued and outstanding shares of Montoro; and (ii) Binhai will purchase from Rogue River the SXEW plant owned by Rogue River and which is being stored in Arizona.

The proceeds from the sale of Montoro and the SXEW plant, in the aggregate amount of US$8 million (the "Sale Price") will be assigned to Macquarie Bank Limited ("Macquarie") which holds security over Rogue River, Montoro, the La Balsa Project and the SXEW plant for an amount exceeding the Sale Price ($9,157,332 as reported in the Company's Interim Financial Statements of March 31, 2013). Accordingly neither Bell nor Rogue River will retain any net proceeds from the sale. In addition to discharging its security and releasing Rogue River from all of its debt, Macquarie will, as part of the transaction, terminate the 2% NSR royalty on the La Balsa project held by Macquarie and return to Bell for cancellation 19,036,820 common shares of Bell held by Macquarie.

The sale transaction, which is subject to regulatory approval, will result in the elimination of all debt owed to Macquarie by Rogue River with a consequential reduction of debt on Bell's consolidated financial statements ($9,157,332 as reported in the Company's Interim Financial Statements of March 31, 2013). The cancellation of 19,036,820 common shares of Bell will reduce the number of shares issued and outstanding to 32,030,132 (on a post-consolidated basis).

Annual General Meeting

On July 3, 2013, the shareholders of the Company:

� Appointed McGovern, Hurley, Cunningham, LLP as auditors;
� Set the number of directors at three and re-elected Timothy Marsh, Brian Leeners and Francis Ling as directors;
� Approved the consolidation of the Company's shares on a 1 for 5 ratio which will result in the Company having 35,837,497 shares issued and outstanding after the consolidation;
� Approved the Option Agreement with Phoenix Copper Corporation on the Kabba Project; and
� Adopted the Advanced Notice Policy.

Since completing the Board and Management Transition in December of 2012, the Company has focused on reducing its expenses and debt obligations to better position the Company for the provision of value to its shareholders.


On behalf of the Board of Directors of
Bell Copper Corporation

"Timothy Marsh"

Timothy Marsh, CEO & Director

For further information please contact the Company
Tel: 604.669-1484

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.

You can also view this News Release on our website at:
http://www.bellcopper.net/s/News_Releases.asp?ReportID=591461

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

VanEck Vectors Global Alternative Energy ETF

DEVELOPMENT STAGE
CODE : BCU.V
ISIN : CA0778862080
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Bell Copper is a copper exploration company based in Canada.

Bell Copper develops copper and gold in Mexico, and holds various exploration projects in Canada and in Mexico.

Its main asset in development is LA BALSA in Mexico and its main exploration properties are SOMBRERO BUTTE, KABBA, LEDUC and COPPER SPRINGS (BELLCOPPER) in Canada and SILVER BELL in Mexico.

Bell Copper is listed in Canada and in United States of America. Its market capitalisation is 2.1 millions as of today (US$ 1.5 millions, € 1.4 millions).

Its stock quote reached its highest recent level on April 13, 2006 at 6.20, and its lowest recent point on March 06, 2015 at 0.01.

Bell Copper has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of VanEck Vectors Global Alternative Energy ETF
Annual Report 2007
Financings of VanEck Vectors Global Alternative Energy ETF
3/29/2012Announces Amendments to Private Placement Financing
6/3/2011Closes Balance of $4.5 Million Financing
5/12/2011Closes First Tranche of Financing
4/27/2011Increases Financing to $4 Million and Announces Board and Ma...
6/17/2010Shares Issued to Macquarie, Expiration & Exercise of Share P...
5/17/2010Non-Brokered Private Placement
3/10/2010Closing of Private Placement
1/21/2010Non-brokered Private Placement Increase
11/30/2009Non-Brokered Private Placements
11/2/2009Closing of Private Placement and Warrant Amendment
10/29/2009Non-Brokered Private Placement
8/13/2009Private Placement Closed and Warrant Amendment Approved
8/11/2009Private Placement Increased
7/29/2009Non-Brokered Private Placement
3/10/2009Non-Brokered Private Placement
12/17/2008Kabba Project Drilling - Increased Private Placement
12/11/2008Non-Brokered Convertible Debenture Private Placement
11/3/2008Non Brokered Private Placement
9/25/2008Second Tranche Closing of Private Placement
9/8/2008First Tranche Closing of Private Placement
8/7/2008Non-Brokered Private Placement Terms Amended
7/9/2008Non Brokered Private Placement
4/18/2008Brokered Private Placement Of Units
Nominations of VanEck Vectors Global Alternative Energy ETF
2/29/2012Announces Changes to Board of Directors
10/7/2011Announces Appointment of New Corporate Secretary
5/8/2007Appointment to the Board & Exercising of Warrants
Project news of VanEck Vectors Global Alternative Energy ETF
8/7/2013(La Balsa)Completes Sale of the La Balsa Project & SXEW Plant - Procee...
7/9/2013(La Balsa)Agreement to Sell the La Balsa Project & SXEW Plant Proceeds...
9/10/2012(Sombrero Butte)Amends Purchase Agreement with Copper Fox Metals and Complet...
4/12/2012(Kabba)Options 60% Interest in Kabba Project to AKA Ventures
3/21/2012(La Balsa)Provides Update on its La Balsa Project
3/12/2012to Complete Van Dyke Acquisition
9/1/2011(Kabba)Intersects Significant Base Metal Mineralization in Kabba Po...
6/30/2010(La Balsa)Drilling Update
5/18/2010(La Balsa)Update
5/13/2010Sombrero 43-101 Technical Report
5/6/2010(La Balsa)Exploitation Agreement
5/4/2010(La Balsa)Drilling commences
2/11/2010(Kabba)Completes Drillhole K-8, Cores K-9
12/16/2009(Granduc Copper Mine)Begins Geophysical Survey of Granduc Mine
12/14/2009(Kabba)Begins Drillhole K-8 at Kabba Project
11/23/2009(Kabba)Kabba Drilling Update
11/6/2009(Kabba)Kabba Drilling Update
11/2/2009(Kabba)Kabba Phase II Drill Update:
7/7/2009(Kabba)Kabba Drilling Update
6/11/2009(Kabba)Kabba Drilling Re-Commences
3/10/2009(Kabba)Kabba Drilling Update
3/2/2009(Kabba)Kabba Drilling Commences
1/27/2009(Sombrero Butte)Mineral Exploration Roundup Core Shack 2009
1/13/2009(Sombrero Butte)Creek-Sombrero Option Agreement Amendment
6/24/2008(Kabba)Kabba Data Compilation Supports Large Porphyry Mo-Cu Target
3/17/2008(Fox River Mafic Belt)Drilling Begins at Fox River Project
2/6/2008Phase II Drilling Complete at Sombrero Butte in Arizona
1/28/2008(La Balsa) Reports La Balsa NI 43-101 Technical Report
7/4/2007(Fox River Mafic Belt)Fox River Exploration Update
5/24/2007More High Grade Copper from Arizona: Bell cuts 66 meters of ...
5/23/2007(Kabba)Drilling of Cu-Mo Porphyry Target Begins at Kabba Project
Corporate news of VanEck Vectors Global Alternative Energy ETF
9/17/2015Bell Issues Units, Shares For Debt And Announces Annual Meet...
3/25/2015Non-brokered Private Placement Financing
11/20/2013(Kabba)Kabba NI43-101 Report
9/24/2012Announces Management Changes/Advance Notice Policy
7/9/2012(Sombrero Butte)Signs Purchase Agreement with Copper Fox Metals in Respect o...
6/28/2012Announces Results of Annual and Special Meeting of Sharehold...
6/21/2012Provides Corporate Update
6/8/2012Announces Defaults Under Secured Term Credit Facility
5/31/2012Announces Proposed Share Consolidation
6/27/2011(Kabba)Commences Drilling a 3 km by 5 km Copper-Molybdenum Porphyry...
6/20/2011(La Balsa)Advances La Balsa Feasibility Study and Van Dyke Programs fo...
3/11/2011Announces $2,500,000 Brokered Private Placement Financing
8/19/2010La Balsa Iron Ore Exploitation Agreement
6/2/2010Drillhole K-9 Update
5/12/2010New Director Appointed
5/3/2010Shares Issued To Macquarie
4/29/2010Retains Renmark Financial Communications Inc.
4/9/2010Shares Issued to Macquarie
4/8/2010Van Dyke Copper Mine Purchase
4/6/2010Granduc Option Agreement
3/2/2010Shares Issued To Macquarie
2/4/2010Shares Issued to Macquarie
1/21/2010Management Addition
12/15/2009New Management
12/9/2009Acquisition of 100% Interest in Silver Leduc Mineral Claims
12/7/2009Proposes Spin-Off Transaction
11/5/2009Shares Issued To Macquarie
10/2/2009Shares Issued To Macquarie
9/2/2009Shares Issued to MacQuarie
8/13/2009Gryphon Summit Litigation
7/3/2009Shares Issued To Macquarie
3/4/2009Shares Issued To Macquarie
2/26/2009Debenture Financing Completed
2/6/2009Options
1/23/2009Extension of Macquarie Demand Debenture
12/17/2008Investor Relations
12/4/2008Strategic Plan
11/15/2008CFO, Brian Leeners provides update on Bell Copper's upcoming...
8/23/2008Disclosure Review
7/16/2008Options Interest in Arizona Project
7/14/2008Brian Leeners explains the significance of new breccia pipes...
7/8/2008Discovers Advanced Argillic Alteration in New Breccia Pipes ...
6/25/2008Executive Interview
4/12/2008Announces Final Court Hearing Date for Grandcru-Rogue River ...
4/8/2008 Grandcru Resources and Rogue River Resources Announce Propo...
4/3/2008 Retains Agoracom To Provide Investor Relations, Social Netw...
4/3/2008Exhibiting at the Calgary Resource Investment Conference
3/29/2008, Grandcru Resources And Rogue River Resources Receive Major...
2/28/2008Phase II Drilling Confirms More Copper at Sombrero Butte in ...
12/19/2007Options Outland Silver Bar Property to Glen Hawk Minerals Lt...
10/31/2007Continued Drilling at La Balsa Finds More Copper in New
10/30/2007 Phase II Drilling at Sombrero Butte Targets Suspected Under...
10/16/2007Begins Phase One Drilling Program at Gryphon Project
10/10/2007Provides Gryphon Summit Property Overview
9/25/2007Option Agreement With Golden Gryphon USA, Inc.
9/20/2007Reports La Balsa Project Drill Results of Rogue River Resour...
9/19/2007Drilling Begins at Mesa Well Project in Arizona
9/4/2007Grandcru Resources & Rogue River Resources to Complete Three...
8/15/2007 Continues to Expand Presence in Arizona With New Copper Pro...
8/8/2007Introduces New Porphyry Copper Project in Arizona
7/10/2007Extends Copper Mineralization at Sombrero Butte Project
7/5/2007Engages Barnes McInerney
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (BCU.V)
0.045+0.00%
TSX-V
CA$ 0.045
11/13 12:08 -
0%
Prev close Open
0.045 0.040
Low High
0.035 0.045
Year l/h YTD var.
0.035 -  0.110 -55.00%
52 week l/h 52 week var.
0.035 -  0.130 -50.00%
Volume 1 month var.
22,000 12.50%
24hGold TrendPower© : -21
Produces
Develops Copper
Explores for Copper - Molybdenum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-65.38%0.130.04
20230.00%0.250.09
2022-18.75%0.730.11
2021-52.94%0.360.11
2020423.08%0.450.03
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.72+0.45%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.42+0.12%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-2.80%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.08-0.95%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.57+0.97%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.25+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.47-2.31%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.10-4.76%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.