| Belvedere Mining Oy Initiates Voluntary Bankruptcy Proceedings | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 23, 2015) - Belvedere Resources Ltd. (TSX VENTURE:BEL) ("Belvedere") regretfully announces that Belvedere Mining Oy, a 100% owned subsidiary of Belvedere, has decided to initiate voluntary bankruptcy proceedings. Belvedere Mining Oy's main assets include the Hitura nickel mine and processing plant, and the Kopsa gold property. The majority of the gold assets of the group are held by Belvedere Resources Finland Oy. Belvedere management have worked relentlessly over the last 9-12 months in an attempt to secure new funding and negotiate with major creditors and other parties to enable Belvedere Mining Oy to continue to exist through this prolonged downturn in metal prices. These initiatives have all proved unsuccessful and as there is no foreseeable way for the Company to generate revenues in the short term or to re-capitalise; the board of Belvedere Mining Oy has instructed management to initiate proceedings for voluntary bankruptcy immediately. 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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EN DÉVELOPPEMENT |
CODE : BEL.V |
ISIN : CA0809031077 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Belvedere Res. est une société d’exploration minière de nickel et de cuivre basée au Canada. Belvedere Res. est en développement de projets de nickel, de cuivre et de cobalt en Finlande, et détient divers projets d'exploration en Finlande. Ses principaux projets en développement sont HAUTALAMPI et HITURA en Finlande et ses principaux projets en exploration sont LUIKONLAHTI MILL, HIRSIKANGAS, HAARAKUMPU, KIIMALA, VALKEISENRANTA, SAHAKOSKI, OSIKONMÄKI, SARKINIEMI, RANTASALMI et MÄNTYMÄKI en Finlande. Belvedere Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 60,6 millions CA$ (46,7 millions US$, 39,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 juin 1997 à 9,99 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$. Belvedere Res. possède 73 904 013 actions en circulation. |