Private Placement increase
Posted on Monday March 26, 2007Following the news release on 23rd March, where Belvedere Resources Ltd. (“the Company”) announced a private placement of between C$ 10 – 12 million at C$ 1.25 per share, the Company is pleased to advise that the private placement has been increased to between C$ 10 – 15 million at C$ 1.25 per share, with no warrants attached.
The private placement will be a non-brokered private placement handled by London stockbrokers Ocean Equities Ltd.
The issue of the common shares are subject to regulatory approval.
BELVEDERE RESOURCES LTD. David Pym, CEO
For further information, please contact:
David Pym:+44-7931-371869
Toby Strauss:+353-87-9870344
Steve Cuthill: +1-604-513-0007
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 signs Final Agreement to acquire Outokumpu Mining Oy’s Hitura Nickel Mine and the remaining 55% of Finn Nickel. Private Placement Closed. C$ 16.5 million raised