Belvedere announces exercise of warrants
Posted on 1165235498
Belvedere Resources Ltd. is to announce the exercise of 833,333 warrants at C$ 0.75 per warrant that were due on 10th November, 2006, and a further 200,000 warrants at C$ 0.50 that were due on April 10th, 2007. As a result of the exercise of these warrants Belvedere has received C$ 725,000 and as of December 1st, 2006 Belvedere’s working capital is approximately C$ 3.7 million. Belvedere now has 43,448,769 shares issued and outstanding, and 46,043,769 shares on a fully diluted basis including 1,575,000 outstanding warrants and 1,020,000 options.
BELVEDERE RESOURCES LTD. David Pym, CEO
For further information, please contact:
David Pym: +358-9-25166334
Steve Cuthill:+1-604-408-0550
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