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what was the purchase price? and what happened to all of the bond holders stock holders etc. was everything wiped clean and who owned the mine in order to sell it?
Seems funny, only yesterday I received a statement from an RRSP account that I held with Dundee. It is now Hollis Wealth. This was one of my biggest holdings of SGR as I figured that Goodman "(had access to the shack)" and apparently posessed some magical device that would enable him to determine grades. What a sucker I was. Althogh my adviser never recommended I buy any gold stocks it was the huge position that DPMfund had that helped lead me down the path,. The SGR shares were written off and no value was assigned to them, leading me to believe that was it. Surprise surprise there is still hope.
Wow, this was unexpected. The first positive news release in a very long time. Funny how a demotion from the big board is a positive, however I will take it and celebrate with a beer. Unfortunately I would bet the next major news will be consolidation. (hope not)
Bellhaven Consolidates Its Share Capital Continues Positioning Itself for Future Growth
Vancouver, B.C. – February 20, 2015. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) (“Bellhaven” or the “Company”) is pleased to announce that, further to its news release dated September 24, 2014, the TSX Venture Exchange has approved a consolidation of its common shares (the "Common Shares") on a 1-new for 10-old basis. The consolidation has taken effect and will be reflected in the pricing of the Company’s shares on the Exchange at the beginning of trading today, February 20, 2015. The Company now has approximately 18,286,390 shares issued and outstanding and approximately 24,286,733 shares outstanding on a fully-diluted basis. The Company’s new CUSIP and ISIN numbers are 079476404 and CA0794764047 respectively, however, the Company's name and trading symbol will not change. No fractional Common Shares will be issued, and no cash will be paid in lieu of fractional postconsolidation Common Shares. The number of post-consolidation Common Shares to be received by a shareholder will be rounded to the nearest whole Common Share. Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the Company on February 23, 2015. All shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the pre-consolidated Shares to the Company’s transfer agent, Computershare Investor Services Inc., will receive a share certificate representing the post –consolidated Shares. The Company’s articles of incorporation mandates shareholder approval for changes to the Company’s capital structure, including this consolidation, for which approval was overwhelmingly granted by shareholders at its most recent annual and general meeting on September 22, 2014.
Patrick Abraham, CEO & Director, states, “We were very encouraged to receive such strong support for this corporate action from shareholders at our last AGM. I am even more pleased to report that this accomplishes one of the corporate objectives we consider necessary to position Bellhaven as the investment vehicle of choice for investors examining investment options for gold and copper.”
“Further, while the sector has been decimated over the past two-plus years, I could not be more positive about the outlook for Bellhaven. The current low commodity price environment presents challenges, but also opportunities that would otherwise not be available to us. We, at Bellhaven, are meeting these challenges and taking steps to maximize the opportunities for the
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Suite 202 – 837 West Hastings Street Vancouver, BC V6C 3N6 Tel: (604) 684-6204
benefit of all our stakeholders. We look forward to report back to you as these opportunities are realized.”
On behalf of the board of directors,
Patrick M. Abraham BELLHAVEN COPPER & GOLD INC.
Corporate Contact in North America: Corporate Contact: Ms. Milagros “Millie” Paredes, President/Director Mr. Patrick Abraham, CEO/Director U.S. Tel: (971) 344-1500 U.S. Tel: 253-509-8512 mparedes@bellhavencg.com pabraham@bellhavencg.com
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.
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.