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CALGARY, Nov. 30 /CNW/ - Bellamont Exploration Ltd. ("Bellamont" or the "Corporation") (TSXV: BMX.A, BMX.B) is pleased to announce it has granted stock options to two members of its board of directors. Mr. Stu Clark and Mr. Greg Bay have been granted 175,000 and 75,000 stock options, respectively. The Options have an exercise price of $0.66 per share, equal to the closing price of Bellamont's Class A shares on November 27, 2009.
Bellamont's strategy to build a low risk reserve, production and cash flow base through acquiring, developing and exploring primarily in the Peace River Arch area of Alberta. The Corporation has a strong, technically focused management team that internally generates and develops high quality, large resource based prospects. Bellamont trades on the TSX Venture Exchange under the symbols "BMX.A" and "BMX.B". The Corporation now has 81,861,426 Class A shares and 1,012,000 Class B shares outstanding.
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.
SOURCE BELLAMONT EXPLORATION LTD.
For further information: For further information: Bellamont Exploration Ltd., Suite 200, 1324 - 17th Avenue S.W., Calgary, Alberta, T2T 5S8, Telephone: (403) 802-6840, Fax: (403) 802-1315, Steve Moran, President and Chief Executive Officer, www.bellamont.com