Belvedere to Acquire 45% Equity Stake in Suomen Nikkeli Oy

Belvedere Resources Limited is pleased to announce that it’s wholly owned subsidiary, Belvedere Resources Finland Oy, has signed a deal to acquire a 45% equity stake in Suomen Nikkeli Oy (Finn Nickel Ltd), an unlisted Finnish company with a number of advanced nickel, copper and cobalt projects in southern and central Finland. In return for the 45% equity stake, Belvedere will pay a total of €1,000,000 to Suomen Nikkeli. Closing of the deal is subject to TSX-V approval.
“Acquiring the equity stake in Suomen Nikkeli is a significant step for Belvedere. The upstream mining and processing skills of the Suomen Nikkeli team provide a natural fit with Belvedere’s exploration skills and contacts within the wider financial community” comments David Pym, CEO of Belvedere Resources.
Suomen Nikkeli Oy currently has 4 mining concessions, 8 claims and 3 claim reservations. The properties are located in two principal project areas in southern and central Finland with resources as detailed in the table below.

For full details of the press release download the pdf here