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Bellhaven stock rises 20% on closing oversubscribed offering

By:  
Creamer Media Deputy Editor: North America
 
PRIVATE PLACEMENT
Panama and Colombia-focused explorer Bellhaven Copper & Gold’s shares listed on the TSX-V jumped 20% on Friday after the company announced that its nonbrokered private placement offering of C$500 000, which was later increased to $620 000, owing to better-than-expected investor demand, had closed. As a result, the company said that it had issued 3.1-million units at a price of C$0.20 each.
 
 
 
 
 

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