Private Placement
Posted on Thursday March 2, 2006TSX Symbol: BEL
VANCOUVER, March 2 – Belvedere Resources Ltd. (the “Company”) is
pleased to announce that it has arranged a private placement with European institutions through London stockbrokers, Ocean Equities Ltd of up to 3,500,000 units at C$ 0.32 cents per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one share for a period of 12 months at a price of C$ 0.50 cents. A finder’s fee of 6% will be payable. The net proceeds will be applied to the general working capital of the Company. The issue of the common shares are subject to regulatory approval.
BELVEDERE RESOURCES LTD. Andrew Aylwin, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
release.
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