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VanEck Vectors Global Alternative Energy ETF

Publié le 09 juillet 2013

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

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Mots clés associés :   Copper | G 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

VanEck Vectors Global Alternative Energy ETF

EN DÉVELOPPEMENT
CODE : BCU.V
ISIN : CA0778862080
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Bell Copper est une société d’exploration minière de cuivre basée au Canada.

Bell Copper est en développement de projets de cuivre et d'or au Mexique, et détient divers projets d'exploration au Canada et au Mexique.

Son principal projet en développement est LA BALSA au Mexique et ses principaux projets en exploration sont SOMBRERO BUTTE, KABBA et LEDUC au Canada et SILVER BELL et COPPER SPRINGS (BELLCOPPER) au Mexique.

Bell Copper est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,1 millions (1,5 millions US$, 1,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 13 avril 2006 à 6,20 , et son plus bas niveau récent le 06 mars 2015 à 0,01 .

Bell Copper possède 47 442 200 actions en circulation.

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Annual Report 2007
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29/03/2012Announces Amendments to Private Placement Financing
03/06/2011Closes Balance of $4.5 Million Financing
12/05/2011Closes First Tranche of Financing
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17/06/2010Shares Issued to Macquarie, Expiration & Exercise of Share P...
17/05/2010Non-Brokered Private Placement
10/03/2010Closing of Private Placement
21/01/2010Non-brokered Private Placement Increase
30/11/2009Non-Brokered Private Placements
02/11/2009Closing of Private Placement and Warrant Amendment
29/10/2009Non-Brokered Private Placement
13/08/2009Private Placement Closed and Warrant Amendment Approved
11/08/2009Private Placement Increased
29/07/2009Non-Brokered Private Placement
10/03/2009Non-Brokered Private Placement
17/12/2008Kabba Project Drilling - Increased Private Placement
11/12/2008Non-Brokered Convertible Debenture Private Placement
03/11/2008Non Brokered Private Placement
25/09/2008Second Tranche Closing of Private Placement
08/09/2008First Tranche Closing of Private Placement
07/08/2008Non-Brokered Private Placement Terms Amended
09/07/2008Non Brokered Private Placement
18/04/2008Brokered Private Placement Of Units
Nominations de VanEck Vectors Global Alternative Energy ETF
29/02/2012Announces Changes to Board of Directors
07/10/2011Announces Appointment of New Corporate Secretary
08/05/2007Appointment to the Board & Exercising of Warrants
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09/07/2013(La Balsa)Agreement to Sell the La Balsa Project & SXEW Plant Proceeds...
10/09/2012(Sombrero Butte)Amends Purchase Agreement with Copper Fox Metals and Complet...
12/04/2012(Kabba)Options 60% Interest in Kabba Project to AKA Ventures
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28/01/2008(La Balsa) Reports La Balsa NI 43-101 Technical Report
04/07/2007(Fox River Mafic Belt)Fox River Exploration Update
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Communiqués de Presse de VanEck Vectors Global Alternative Energy ETF
17/09/2015Bell Issues Units, Shares For Debt And Announces Annual Meet...
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11/03/2011Announces $2,500,000 Brokered Private Placement Financing
19/08/2010La Balsa Iron Ore Exploitation Agreement
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