TORONTO, ONTARIO--(Marketwire - Sept. 24, 2012) - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) announced today that Dr. Timothy Marsh has resigned as the Company's President to pursue other business opportunities. The Company wishes to thank Dr. Marsh for his contributions to the Company and extends its best wishes to him in his future endeavours.
The Company also announces the appointment of Lonnie Kirsh as Corporate Secretary, subject to regulatory approval. Mr. Kirsh is a principal of Acuity Corporate Securities Lawyers, where he practices in the area of corporate finance, securities and mining law. Mr. Kirsh has over 25 years of securities and capital markets experience including, as Senior Manager of Company Listings at the Toronto Stock Exchange and legal counsel in the Corporate Finance Branch of the Ontario Securities Commission. His expertise will be particularly helpful to the Company as it works to reduce debt and position itself for future growth.
Mr. Michael Werner, CEO of Bell Copper, stated: "With the present market restricting junior mining company growth, we have taken the necessary steps to reduce our corporate overhead and, with the assistance of our new management team, will continue to reduce expenditures wherever possible. Following the anticipated completion of the sale of our Van Dyke project, we believe that we will have sufficient funds to take advantage of new opportunities that will be better suited to the Company. To this end, the board of directors has broadened Bell's mandate to look for opportunities not only in copper, but gold and silver as well, with a preference for stable political regimes."
The Company also announces the adoption of a new policy, similar to policies and by-laws recently adopted by a number of Canadian public companies, that requires advance notice to the Company for nominations of directors other than by management, through a requisition for a meeting or by way of a shareholder proposal. The policy is not intended to discourage non-management director nominations but rather seeks transparency in the election of directors by putting all parties nominating directors, including management, on an equal footing. The new policy requires the same information to be provided to shareholders within the same timeframe for non-management nominees to enable shareholders to exercise their voting rights for the election of directors on an informed basis and not permit directors to be nominated and elected without the knowledge and opportunity of all shareholders to vote on the election of such nominees.
The new policy is effective immediately and will be placed before shareholders for ratification at the next meeting of shareholders of the Company. A copy of the new policy has been filed and is available under the Company's profile at www.sedar.com.
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.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. Forward looking information includes, but is not limited to, statements with respect to the Company's intention to reduce its debt and pursue growth opportunities and the anticipated completion of the sale of the Van Dyke project. 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.
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