VANCOUVER, BRITISH COLUMBIA -- Jan. 23, 2009 - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE: BCU.V) announces that the Company reached an agreement with Macquarie Bank Ltd. to extend the term of its Demand Debenture to March 31, 2009. The Company has agreed, subject to regulatory approval, to pay to Macquarie an increase in the Interest Rate for the four month period through to March 31 2009. The increased amount of interest will be paid in common shares of the Company and is based on the volume weighted average price ("VWAP") for the last 5 trading days of each month. The increased interest due for December 2008 is $32,702.31 and the number of shares payable in the form of interest is 881,463 shares at a VWAP of $0.0371 per share.
About Bell Copper
Bell Copper is focused on the exploration and development of 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
Brian Leeners, CFO & Director
Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Investor Relations
Bell Copper Corporation
(604) 669-1484
(604) 669-1464 (FAX)
Email: info@bellcopper.net
Website: www.bellcopper.net
