BCU Bell Copper Corporation

Bell Copper Corporation (the "Company") (TSX VENTURE:BCU) announces that events
of default have occurred under the secured term credit facility (the "Credit
Facility") provided to Rogue River Resources Corp. ("Rogue River"), the
Company's wholly-owned subsidiary, by Macquarie Bank Limited ("Macquarie") and
related agreements. The events of default include the incurrence of trade
indebtedness in excess of the limit specified under the Credit Facility, failure
to obtain the required permits relating to iron ore activities on the Company's
La Balsa project and failure to deliver a bankable feasibility study in respect
of the La Balsa project within the time limits specified under the Credit
Facility. The Credit Facility is secured by a charge over the Company's La Balsa
project. 


As a result of the foregoing events of default, Macquarie may give notice to
Rogue River declaring the amounts owing under the Credit Facility to be
forthwith due and payable. The Company has not received such notice as of the
date of this news release. 


The Company intends to pursue good faith efforts to negotiate with Macquarie a
mutually satisfactory resolution with respect to the events of default. The
Company is also currently in discussions with a number of interested parties
regarding potential strategic transactions with respect to the La Balsa
property, and continues to evaluate strategic opportunities regarding the
Company's other assets. 


About Bell Copper

Bell Copper is a public company with a focus on copper exploration, development
and production in North America. The Company has an extensive portfolio of
exploration and development projects located in two of North America's premier
copper producing regions: Mexico and Arizona.


More information on Bell Copper: www.bellcopper.net.

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. 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.

Bell Copper (TSXV:BCU)
Historical Stock Chart
From May 2024 to Jun 2024

Bell Copper (TSXV:BCU)
Historical Stock Chart
From Jun 2023 to Jun 2024