Bell Copper Corp (OTCMKTS:BCUFF) Stock Moves Up 21% In a Week: Here is Why

Bell Copper Corp (OTCMKTS:BCUFF) has updated its shareholders on the ongoing case between the company and Golden Gryphon U.S.A. Golden Gryphon began the litigation on July 31, 2009.

Market Stats

On Tuesday, BCUFF stock ended flat at $0.1333 with 1k shares, compared to its average volume of 22k shares. The stock has moved within a range of $0.1333 – 0.1333 after opening trading at $0.1333.

Bell Copper Settles Golden Gryphon Liability

Golden Gryphon made a debt claim against Bell Copper for $1,425,844.50. However, Bell Copper has asked the British Columbia Supreme court to dismiss the claim. Fortunately, the two parties decided they would both pay for their litigation before the judge could review the claim.

Bell Copper has stated that it could take about $10,000 to complete the litigation. Moreover, the court will formally dismiss the claim.

Bell Copper in Canada is focused on exploring and acquiring interests in mineral properties. It also explores and identifies copper porphyry in Arizona. The company’s most notable projects are the Big Sandy project and the Perseverance project.

The Perseverance Project in northwest Arizona includes more than 13,000 acres. The Big Sandy project, on the other hand, has mineral tenures of 5733 acres. It is also about 30km away from the Perseverance project.

Bell Copper Corporation was formerly Bell Resources until April 2008. The company has its headquarters in Vancouver, Canada.