Belvedere announces exercise of warrants
Posted on Tuesday December 5, 2006Belvedere 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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
Belvedere completes JORC compliant resource estimates on Finn Nickel and Osikonmäki properties Drilling intersects 13.65 metres averaging 1.11 % Nickel at Valkeinsenranta Finland