Bellavista Resources Limited (BVR) – $35m Two-Tranche Institutional Placement

The placement was completed in conjunction with Bellavista’s agreement to acquire a majority interest in the Pickle Crow Gold Project and associated exploration assets in Ontario, Canada from FireFly Metals, with the ability to increase its interest to 80%, subject to conditions precedent and shareholder approvals. The acquisition forms part of Bellavista’s strategy to build scale through advanced exploration assets in established gold jurisdictions.

Proceeds from the placement are intended to fund the acquisition and associated earn-in commitments, together with exploration programs across Bellavista’s project portfolio in Canada and Western Australia.

For more information, visit the Bellavista Resources website here.