| Belvedere Resources Ltd.: Private Placement | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 27, 2014) - Belvedere Resources Ltd. (TSX VENTURE:BEL) ("Belvedere" or the "Company") is pleased to announce that, further to its news release of November 20, 2014, it has increased the size of its previously announced non-brokered private placement. The modified terms of the private placement will now provide for the issuance of up to 21,428,571 common shares at a price of C$0.07 per share for gross proceeds of up to $1,500,000. The net proceeds from the private placement will be applied to the general working capital of the Company. Finder's fees may be payable with respect to the private placement, subject to TSX Venture Exchange ("Exchange") acceptance. The private placement is subject to acceptance and approval by the Exchange. BELVEDERE RESOURCES LTD. David Pym, CEO; Suite #404, Vancouver World Trade Centre, 999 Canada Place, Vancouver, B.C. V6C 3E2, Canada Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Belvedere Resources Ltd.
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DEVELOPMENT STAGE |
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CODE : BEL.V |
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ISIN : CA0809031077 |
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Belvedere Res. is a nickel and copper exploration company based in Canada. Belvedere Res. develops nickel, copper and cobalt in Finland, and holds various exploration projects in Finland. Its main assets in development are HAUTALAMPI and HITURA in Finland and its main exploration properties are LUIKONLAHTI MILL, HIRSIKANGAS, HAARAKUMPU, KIIMALA, VALKEISENRANTA, SAHAKOSKI, OSIKONMÄKI, SARKINIEMI, RANTASALMI and MÄNTYMÄKI in Finland. Belvedere Res. is listed in Canada. Its market capitalisation is CA$ 60.6 millions as of today (US$ 46.7 millions, € 39.7 millions). Its stock quote reached its highest recent level on June 13, 1997 at CA$ 9.99, and its lowest recent point on January 01, 2016 at CA$ 0.01. Belvedere Res. has 73 904 013 shares outstanding. |