PANAMA CITY, PANAMA, April 9 /CNW/ -- Bellhaven Copper and Gold, Inc.
(TSX VENTURE: BHV) ("Bellhaven" or the "Company") is pleased to announce that
Western Troy Capital Resources Inc. (TSX VENTURE: WRY) ("Western Troy")
Bellhaven's joint venture partner on the Viento Frio property in Panama, has
initiated a non-brokered private placement with Sprott Asset Management for
$1,000,000 and with a public institutional investor for $2,000,000 for
aggregate gross proceeds of $3,000,000 through the sale of 5,000,000 Units of
Western Troy at $0.60 per Unit. Each Unit will be comprised of one common
share in the capital of Western Troy and one-half of one common share purchase
warrant. The gross proceeds of the private placement will be used to finance
continued exploration programs at Western Troy's exploration projects located
near Chibougamau, Quebec and at Viento Frio, Panama.
"We are pleased that Western Troy is obtaining financing to push the
development of the Viento Frio and Lake Macleod properties forward," said
Julio Benedetti, Bellhaven's President and CEO. "We have great confidence that
our partnership in Viento Frio will be both valuable and productive."
Bellhaven Copper and Gold, Inc. is a Panama-based mineral exploration
company with a portfolio of gold and copper properties in the Republic of
Panama. The company has issued 20,793,151 shares and has no debt. For more
information, please visit the web site at www.bellhavencg.com or call Miguel
Villahermosa at toll free 1-866-599-5930.
On behalf of the board of directors,
Julio C. Benedetti, President, CEO
BELLHAVEN COPPER AND GOLD, INC.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: Julio Benedetti, +1-507-226-3967; or Investors:
Miguel Villahermosa, 1-866-599-5930, both of Bellhaven Copper and Gold, Inc.,
Web Site: http://www.bellhavencg.com