Bellavista Resources Secures $1.2M for Expansion

Bellavista Resources Ltd (AU:BVR) has released an update.

Bellavista Resources Ltd has secured $1.2 million in capital through a private placement to fund due diligence for potential acquisitions, the Brumby Project’s strategic funding options, regional exploration, and general working capital. The placement, priced at a discount, will issue over 6.6 million shares directly and approximately 1.3 million additional shares pending shareholder approval. The funds will also facilitate the exploration of the Edmund Basin Project and draw on the acquisition expertise of key corporate figures.

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