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
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