On February 1, 2023, Bell Copper Corporation closed the transaction. The company issued 2,391,666 units at an issue price of CAD 0.12 per unit for the gross proceeds of CAD 286,999.92 in the second and final tranche. The company issued 3,840,166 units in the transaction.

The company paid the finder's fees of CAD 9,540 in the transaction. The securities issued by the company in the second tranche of the financing are subject to a statutory hold period that expires on May 1, 2023. The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement.

The transaction included participation from 16 placees, Total existing insider involvement was from one insider for 85,000 shares and aggregate pro group involvement was from two placees for 300,000 shares. The company received $99,947 (CAD 133,620) pursuant to exemption provided under Regulation D from two investors.