Bellhaven Copper & Gold Inc. Announces Results of Its AGM
24.09.2014 | vom Unternehmen
Shareholders Approve Reverse Stock Split Vancouver, B.C. – September 24, 2014. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) (“Bellhaven” or the “Company”) is pleased to announce results from its annual and general meeting of shareholders held on September 22, 2014, in Vancouver, B.C. Canada. The shareholders elected the following seven individuals to the board of directors for the ensuing year: Julio Benedetti, Patrick M. Abraham, Maria Milagros Paredes, Cyrus Driver, Robert S. Wasylyshyn, Alberto Montoya and Nancy A. Zweng.
The shareholders also approved the following resolutions: i) the appointment of Crowe MacKay LLP, Chartered Accountants, to serve as the auditor of the company for the ensuing year; ii) authorizing the directors to fix the remuneration to be paid to the auditor of the company; iii) reconfirmation of the company's stock option plan; and iv) authorize the directors of the Company to undertake a share consolidation on a basis of up to 1:10 (one new share for every 10 old shares) or such other consolidation ratio that the directors of the Company deem necessary in order to meet its public distribution requirements post-consolidation, subject to the consent and approval of the TSX Venture Exchange.
Patrick Abraham, Bellhaven’s CEO, commented as follows: “We are very pleased to have such overwhelming support of our initiatives and recommendations from our shareholders. We are also very pleased to welcome Ms. Nancy Zweng and Mr. Alberto Montoya to the board of directors and look forward to working with both of them as they bring unique skills and experiences that should benefit all of us owners, the shareholders of Bellhaven, as we continue to advance and safeguard the assets of the company.”
About Bellhaven
Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX-V: BHV) exploration company exploring for gold and copper in Colombia. The Company’s goal is to be a leader in gold and copper development in Colombia. Bellhaven focuses on discovery, acquisition and development of high-quality resources in a safe and responsible manner for the benefit of all of its stakeholders.
The Company’s flagship project is the La Mina gold-(copper) porphyry deposit in the Middle Cauca belt of Colombia. The total La Mina resource now includes 1.6 Moz gold and 419 million pounds of copper (or 2.55 Moz gold equivalent) contained in 79.9 million tonnes averaging 0.62 g/t Au, 0.24% Cu, or a gold equivalent grade of 1.0 g/t (based on a 0.30 g/t Au cutoff grade). The average grade of 1.0 g/t gold equivalent makes La Mina one of the highest grade gold-(copper) porphyry deposits in the Americas. The Company is currently seeking to develop and to grow these resources through mine development and through ongoing exploration on the La Mina concession. For more information regarding Bellhaven, please visit our website at www.bellhavencg.com.
On behalf of the board of directors,
Patrick M. Abraham
BELLHAVEN COPPER & GOLD INC.
Corporate Contact in North America:
Bellhaven Copper & Gold Inc.
Mrs. Milagros “Millie” Paredes, President/Director
U.S. Tel: (971) 344-1500
mparedes@bellhavencg.com
Corporate Contact:
Mr. Patrick Abraham, CEO
U.S. Tel: 253-509-8512
pabraham@bellhavencg.com
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Gold equivalent grades have been calculated using the following formula: AuEq = Au(g/t) + [Cu(%)} x {%Recoverable Cu / %Recoverable Au} x {Net Cu Price/Net Au Price} x {%Payable Cu / %Payable Au x 22.0462 x 31.1035]. Metal recoveries are estimates based on metallurgical results announced in Bellhaven’s news release dated Nov. 15, 2011. Net metal prices for gold and copper are the long-term forward curve metal price minus refining charge. Metal prices based on the long-term forward curve are as of May 8, 2013 (US$1482 for gold and $3.40/lb for copper). Metal refinery charges and % payable metal by the smelter are estimates based on third-party consultants. Metal prices, refinery charges and % payable metal are not constant and are subject to change. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves.
“The scientific and technical information in this news release was prepared under the supervision of Mr. Robert Wasylyshyn, P.Geo. Mr. Wasylyshyn is an Independent Director of Bellhaven and has been involved in the mining and exploration industry in North and South America, as well as Europe for over 35 years. He is a member in good-standing with the Association of Professional Engineers and Geoscientists of the Province of B.C and is the Company’s qualified person as defined by National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, B.C. – September 24, 2014. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) (“Bellhaven” or the “Company”) is pleased to announce results from its annual and general meeting of shareholders held on September 22, 2014, in Vancouver, B.C. Canada. The shareholders elected the following seven individuals to the board of directors for the ensuing year: Julio Benedetti, Patrick M. Abraham, Maria Milagros Paredes, Cyrus Driver, Robert S. Wasylyshyn, Alberto Montoya and Nancy A. Zweng.
Attachments:
http://www.bellhavencg.com/inc/component/attachments/download/99.html