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Belo Sun Closes $6.5 Million Private Placement

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Belo Sun Mining Corp. (TSX:BSX) has closed its previously announced non-brokered private placement financing of 30,952,381 common shares of the Company at a price of $0.21 per Common Share for proceeds to the Company of $6,500,000.
 

Belo Sun intends to use the proceeds of the Offering to advance the feasibility study and installation license application at the Company’s Volta Grande project in Brazil and for general working capital purposes.
 

About the Company

 

Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun’s primary focus is advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State.

Posted September 12, 2014

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