Bell Copper Announces Results of Annual and Special Meeting of Shareholders
TORONTO, ONTARIO -- (Marketwire) -- 06/27/12 -- Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE: BCU) announces that Messrs. Keith Droste, Richard Ternieden and Michael Werner were re-elected as directors and McGovern, Hurley, Cunningham, LLP was re-appointed as the Company's auditor at the annual and special meeting of shareholders of the Company held yesterday in Toronto.
The proposed consolidation of Bell Copper's issued and outstanding common shares on a seven for one basis was not approved by shareholders and therefore will not be implemented.
Management believes that it will be difficult for the Company to raise equity capital due to policies of the TSX Venture Exchange which restrict the Company from issuing shares at a price per share less than $0.05, which is a significant premium to the Company's current share price. As a result, management intends to continue to explore potential strategic transactions with respect to the Company's projects, as announced in the news release issued by the Company on June 21, 2012.
About Bell Copper
Bell Copper is a public company focused on the development and exploration of its copper assets in the Americas through internal efforts and via strategic partnerships.
More information on Bell Copper: www.bellcopper.com.
On behalf of the Board of Directors of Bell Copper Corporation
Michael Werner, CEO & Director
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the management's intentions to explore strategic transactions in respect of the Company's projects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; acquisition risks, the actual results of current exploration activities; delay or failure to receive board or regulatory approvals; timing and availability of external financing on acceptable terms; the Property not being integrated successfully or such integration proving more difficult, time consuming or costly than expected, not realizing on the potential benefits of the proposed transaction; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and shortages and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER 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.