Belvedere Resources Ltd. - Finn Nickel Acquisition Closed, Exchange Approval for Hitura Purchase and appointment of new Chief Financial Officer
Monday May 28, 5:49 pm ET
biz.yahoo.com
VANCOUVER, May 28 /CNW/ - Belvedere Resources Ltd. (the "Company") is pleased to announce that it has now completed the acquisition of Finn Nickel. The company has issued 8,231,127 common shares to the previous owners for the remaining 55% of Finn Nickel not already owned by Belvedere, bringing Belvedere's ownership to 100%.
The Company is also pleased to announce that it has also received Exchange approval for its purchase of Outokumpu Mining Oy's Hitura nickel mine, currently producing 2,200 tonnes per annum nickel.
Furthermore, the Company is pleased to welcome Mr. John S. Thomson to the Board as Chief Financial Officer, following the resignation of Mr. Andrew Aylwin. John Thomson has been providing consultancy services to the company since February of this year. Mr. Thomson is a Chartered Accountant from Scotland who has also studied at INSEAD (a business school near Paris). He has worked internationally in a variety of senior roles for companies including PepsiCo and is currently Interim CFO of Kirkland Lake Gold Inc and Rambler Metals & Mining PLC. He is also a non-executive director of Parragon Publishing Ltd, a successful international publisher with operations in Europe, India, the UK and USA.
BELVEDERE RESOURCES LTD. David Pym, CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this news
release.
For further information
David Pym: +44-7931-371869, Toby Strauss: +353-87-9870344, Steve Cuthill: (604) 513-0007
Source: Belvedere Resources Ltd. |
