News Releases 2008
Mon December 1, 2008
Bellhaven Copper & Gold Announces Completion of
Non-Brokered Private Placement Offering of Convertible Debentures
Panama City, Panamá – December 1, 2008. Bellhaven Copper & Gold, Inc. (TSX-Venture:BHV) (the "Company") Further to its news releases of September 10, 2008 and October 15, 2008, th Company announces the completion of a non-brokered private placement offering of convertible debentures, the terms of which are detailed in the earlier news releases, for gross proceeds of $1,044,305 (the "Debentures"). The net proceeds from the sale of the Debentures will be used by the Company for the development of its Cerro Quema gold project in Panama and for general working capital. The Debentures mature on October 29, 2009, subject to extension in accordance with their terms, and bear interest at the rate of 10% per annum. The securities acquired on conversion are subject to a 4-month hold period, expiring February 28, 2010.
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