News Releases 2010
Fri October 1, 2010
Bellhaven Announces Fully Allocated Non-Brokered Private Placement for C$4,500,000. Funds to Support Second Drill Program at La Mina, Colombia, and First Drill Program at Pitaloza, Panama
Panama, Rep. of Panamá – October 1, 2010. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) (“Bellhaven” or the “Company”) is pleased to announce a fully allocated, non-brokered, private placement of 7,500,000 units at a price of $0.60 per unit for aggregate gross proceeds of C$4,500,000, subject to the approval of TSX Venture Exchange. Each of the units is comprised of one common share of the Company and one-half of a share-purchase warrant. Each full share-purchase warrant will entitle the holder to acquire one common share of the Company at a price of $0.80 for a term of 18 months from the date of issuance. In circumstances where, any time after the expiry of the four-month restricted period, the Company’s stock trades at $1.50 or greater for 20 consecutive days, the Company may give notice accelerating the expiry date of the exercise period of the warrants to that date which is 30 days from the date of such notice. A finder’s fee of 5% cash and 5% in broker’s warrants will be paid in connection with this placement. Each broker warrant has a term of 18 months from the date of issuance and is exercisable into one common share of the Company in exchange for $0.64, subject to the same acceleration as the private-placement warrants.
Fri September 17, 2010
Bellhaven Signs Definitive Agreement to Transfer its Shares of Minera Cerro Quema, S.A.
Panama, Rep. of Panamá – September 17, 2010. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) (“Bellhaven” or the “Company”). Further to its news release of August 9, 2010, Bellhaven is pleased to announce that it has signed a Definitive Agreement (“DA”) with Pershimco Resources Inc. (“PRO”), to transfer 100% of its shares of, and liabilities related to, Minera Cerro Quema, S.A. (“MCQSA”). This transaction is subject to the final approval from the TSX-Venture Exchange.
Thu September 9, 2010
Bellhaven Drills Wide Intercepts of Gold and Copper at La Mina Porphyry Gold-(Copper) Project, Colombia. Drill intercepts extend known gold-copper zone from surface to a minimum depth of 270-m below the surface
Panama, Rep. of Panamá – September 9, 2010. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) (“Bellhaven” or the “Company”) is pleased to announce that the initial drill holes at the La Cantera prospect at its 100%-optioned La Mina project cut broad intercepts containing over 1 g/t gold-equivalent grades. Highlights include:
DDH-08: 72.67 m @ 1.55 g/t AuEq (0.88 g/t Au, 0.39% Cu) starting at 197.05 m
DDH-09: 142.44 m @ 1.20 g/t AuEq (0.70 g/t Au, 0.29% Cu) starting at 194.75 m