| Belvedere Resources Limited: Proposed Private Placement | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 4, 2014) - Belvedere Resources Ltd. (TSX VENTURE:BEL) ("Belvedere") announces that it is proposing to undertake a non brokered private placement to raise up to C$ 0.8 million through the issuance of up to 5,000,000 common shares of Belvedere at a price of C$ 0.16 per share. The net proceeds from the private placement will be applied to the general working capital of the Company and to develop mineral assets. Directors and officers of Belvedere may acquire securities under the private placement. Any such participation would be considered a related party transaction as defined under Multilateral Instrument 61‐101 ("MI 61‐101"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61‐101 provided that neither the fair market value of any securities issued to nor the consideration paid by such persons will exceed 25% of Belvedere's market capitalization, which is anticipated to be the case. The private placement is subject to acceptance and approval by the TSX Venture 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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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. |