Uranium Power Corp fka UPC

[bigbuk]

Bell Coast to raise $1.6-million for exploration

Bell Coast Capital Corp BCP
Shares issued 25,146,979 Nov 4 close $0.495
Wed 5 Nov 2003 News Release
Mr. Rahoul Sharan reports
BROKERED PRIVATE PLACEMENT FINANCING
Bell Coast Capital has negotiated a brokered private placement with
Canaccord Capital Corp. The agent will offer on a commercially reasonable,
best efforts basis up to four million units at a price of 40 cents per unit
for gross proceeds of $1.6-million.
Each unit will consist of one share and one whole share purchase warrant
exercisable at a price of 60 cents for two years following closing of the
private placement. The agent has an option, exercisable at any time up to
closing, to increase the size of the offering by 20 per cent.
The agent will receive a commission equal to 8.0 per cent of the gross
proceeds realized from the offering and broker warrants in a number equal
to 15 per cent of the total units sold. In addition a corporate finance
consisting of units is payable to the agent. The agent's warrants are
exercisable into one common share of the company at a price of 50 cents per
share for a period of two years.
The net proceeds of the offering will be used by the company for the
primary purpose of undertaking further exploration on the company's Shadow
Mountain project, south Gobi Desert, Mongolia, future acquisitions and
general working capital.
The placement is subject to TSX Venture Exchange approval.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com