Sun Valley Gold announced today that it has acquired control and direction over 13,095,000 common shares of Belo Sun Mining on behalf of client accounts, including Sun Valley Gold Master Fund, over which it has discretionary trading authority. The Common Shares were acquired pursuant to a private placement by Belo Sun of a total of 30,952,381 Common Shares for a subscription price of $0.21 per share.
Belo Sun has closed its previously announced non-brokered private placement financing of 30,952,381 common shares of the Company at a price of $0.21 per Common Share for proceeds to the Company of $6,500,000. Belo Sun intends to use the proceeds of the Offering to advance the feasibility study and installation license application at the Company's Volta Grande project in Brazil and for general working capital purposes.
Belo Sun announces a non-brokered private placement financing of up to 30,952,381 common shares of the Company at a price of $0.21 per Common Share for proceeds to the Company of up to $6,500,000. The Offering is expected to be subscribed by current shareholders of the Company. Belo Sun intends to use the proceeds of the Offering to advance the feasibility study and installation license application at the Company's Volta [...]
TORONTO, ONTARIO--(Marketwired - Aug 18, 2014) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") is pleased to announce additions to its management team in preparation for the advancement of its Volta Grande Project in Brazil. Peter Tagliamonte, previously the Chairman of the Company's Board of Directors (the "Board"), has been appointed as President and Chief Executive Officer, while Mark Eaton, the [...]
TORONTO, ONTARIO--(Marketwired - Aug 1, 2014) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") announces that the Federal Court of Appeal in Brasilia (Tribunal Regional Federal) ruled today that the Company's Preliminary License is fully valid and in force. This interlocutory decision overturns the decision from June 2014 made by the Federal Judge of First Level in Altamira (see the Company's press release [...]
TORONTO, ONTARIO--(Marketwired - Jun 26, 2014) - Editor's Note - A map is associated with this press release. Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") announces assay results for five additional drill holes (corresponding to 561 meters) at its Volta Grande Project as part of its 2014 drilling program. Belo Sun has completed 203,796 meters drilling (772 drill holes) since April 2010. The assay results [...]
Sun Valley Gold announced today that it has acquired control and direction over 7,000,000 common shares of Belo Sun Mining Corp. on behalf of client accounts over which Sun Valley has discretionary trading authority. The Common Shares,, which are beneficially owned by the client accounts, were acquired over the facilities of the Toronto Stock Exchange for a purchase price of $0.19 per Common Share. Following completion of [...]
TORONTO, ONTARIO--(Marketwired - May 27, 2014) - Belo Sun Mining Corp. ("Belo Sun" or the "Company") (TSX:BSX) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management proxy circular dated April 4, 2014 for the 2014 Annual and Special Meeting of shareholders (the "Meeting") were elected as directors of the Company. Detailed results of the vote for the election of [...]
TORONTO, ONTARIO--(Marketwired - May 8, 2014) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") has commenced a new drill program, with two rigs on its Grota Seca and Ouro Verde deposits. In February the Company received its Preliminary Licence (LP) approving its Environmental Impact Assessment (EIA), in respect of the Company's 100%-owned Volta Grande gold project in Pará State, Brazil (the "Project"). The LP is the key license in the development process and incorporates the results of Public Hearings and subsequent public input. The drill program will focus on four high-grade areas in the Ouro Verde and Grota Seca deposits, as identified in the mineral resource estimate completed in October 2013 (please refer to the press r... [...]
TORONTO, ONTARIO--(Marketwired - Mar 31, 2014) - Belo Sun Mining Corp. (TSX:BSX) reports that further to its news release dated February 20, 2014, it has filed a technical report (the "Technical Report") in respect of the Company's 100%-owned Volta Grande gold project in Para State, Brazil (the "Project"). The Technical Report, entitled "Preliminary Economic Assessment, NI 43-101 Volta Grande Project, Pará, Brazil", dated March 31, 2014, was prepared by Oy Leuangthong, PhD., P.Eng. Lars Weiershäuser, P.Geo., Jean-Francois Couture, PhD., P.Geo, Gordon Zurowski, P.Eng., Lyn Jones, P.Eng., and Justin Taylor, P.Eng., each of whom are independent "qualified persons" as defined by National Instrument 43-101. The Technical R... [...]
TORONTO, ONTARIO--(Marketwired - Feb 20, 2014) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") has completed a Preliminary Economic Assessment (PEA) of a staged development approach based on the updated mineral resource (see press release dated October 3rd, 2013), for its 100%-owned Volta Grande gold project in Para State, Brazil. The PEA contemplates the construction of a 3.0 million tonne/year [...]
TORONTO, ONTARIO--(Marketwired - Dec 2, 2013) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") announces that the Environmental Council of Para State, Brazil (COEMA) has approved the Environmental Impact Assessment for Belo Sun's Volta Grande Project (see press release dated November 18, 2013). The approval of the Environmental Impact Assessment and receipt of the Preliminary License (LP) is a key milestone [...]