Belvedere Resources Undertakes Private Placement to Raise C$ 4 million
On April 30, 2010, Belvedere Resources Ltd. BEL:TSX-V (“Belvedere”) of Vancouver, British Columbia decides to make private placement to raise C$ 4 million at C$ 0.15 per common share with no warrants attached for a maximum of 26.67 million shares.
The press release is quoted as saying:
“The agent, London stockbrokers Ocean Equities Ltd., will undertake the engagement on a best efforts basis. Subject to the policies of the TSX Venture Exchange, a fee of 5% will be paid to Ocean Equities on the funding of the issue.”
Source: http://www.belvedere-resources.com/assets/files/newsapril302010.pdf
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Wed, May 5, 2010
Post by Mike Rodger, Nickel Reporter