Bellamont Exploration Ltd, CL B (TSXV:BMX.B)
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CALGARY, June 8, 2011 /CNW/ --
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. /
CALGARY, June 8, 2011 /CNW/ - Bellamont Exploration Ltd. ("Bellamont" or
the "Corporation") (TSXV: BMX.A) (TSXV: BMX.B) is pleased to announce
it has granted stock options pursuant to its stock option plan.
Bellamont has issued an additional 580,000 options to the Corporation's
officers and directors. These options were issued at a price of $0.58
per share, Bellamont's closing price as of June 3, 2011. The options
are exercisable over a five year period and vest over three years.
Following the grant, 12,728,333 shares are reserved for issuance
pursuant to Bellamont's stock option plan.
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 and British Columbia. 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 140,787,699 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.
Not for distribution to U.S. newswire services or for dissemination in
the United States. Any failure to comply with this restriction may
constitute a violation of U.S. securities law.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/08/c3845.html
p Steve Moran, President and Chief Executive Officer, (403) 802-1355; orbr/ Tavis Carlson, Vice President Finance and Chief Financial Officerbr/ 1208, 250- 2supnd/sup Street S.W. Calgary, Alberta T2P 0C1br/ Email: a href="mailto:info@bellamont.com"info@bellamont.com/abr/ a href="http://www.bellamont.com"www.bellamont.c/aa href="http://www.bellamont.com"om/a /p