Bellamont Announces Approval of Plan of Arrangement by Bellamont Shareholders

    




 /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/ 

 CALGARY, March 22, 2012 /CNW/ - Bellamont Exploration Ltd. ("Bellamont")   is pleased to announce that the shareholders of Bellamont  have today voted to approve the previously announced plan of  arrangement (the "Arrangement") which provides for the acquisition of  all of the outstanding common shares of Bellamont by Storm Resources  Ltd.  The Arrangement was approved by 88.4% of the Bellamont shares  voted at the meeting and 88.0% of the votes cast by Bellamont  shareholders after excluding the votes of a director and officer of  Bellamont in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. 

 The completion of the Arrangement requires the final approval of the  Court of Queen's Bench of Alberta.  A hearing before the Court of  Queen's Bench to obtain final approval is scheduled for 1:30 p.m.  (Calgary time) on March 22, 2012.  Assuming the final approval is  obtained, the Arrangement is anticipated to close on March 23, 2012. 

 FORWARD-LOOKING INFORMATION 

 Certain statements included in this press release constitute  forward-looking statements under applicable securities legislation.  More particularly, this press release contains a statement concerning  the anticipated date for the completion of the Arrangement. This  completion date relies on certain assumptions that Bellamont believes  are reasonable at this time, including assumptions as to the timing of  receipt of the necessary regulatory and court approvals and the  necessary conditions to the completion of the Arrangement. This date  may change for a number of reasons, including the inability to secure  necessary regulatory or court approvals in the time needed or the need  for additional time to satisfy the conditions of the Arrangement. The  Arrangement may be completed later than stated or not at all. 

 Such forward-looking statements are based on a number of assumptions  which may prove to be incorrect. Although Bellamont believes that the  expectations reflected in such forward-looking statements are  reasonable, undue reliance should not be placed on forward-looking  statements because Bellamont can give no assurance that such  expectations will prove to be correct. The forward-looking statements  contained in this press release are made as of the date hereof and  Bellamont undertakes no obligation to update publicly or revise any  forward-looking statement or information, whether as a result of new  information, future events or otherwise, unless so required by  applicable securities laws. 

 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. 

Bellamont Exploration Ltd.


CONTACT:  Steve MoranPresident & CEOBellamont Exploration Ltd.Telephone: [phone] 


    

Copyright