Bellhaven Copper and Gold Inc. Officially Appoints Julio Benedetti as CEO and President.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Further to its news release of Nov. 2, 2006, Bellhaven Copper & Gold Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BHV BHV Brussel-Halle-Vilvoorde (Flemish) BHV Bazar de l'Hôtel de Ville (French) BHV Bovine Herpesvirus BHV Bruxelles Halle Vilvorde (French) BHV Bead Hive ) ("Bellhaven" or the "Company") is pleased to announce that it has officially appointed Julio Benedetti as President and Chief Executive Officer of the Company. Julio will absorb all of the duties associated with the position of President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. in addition to his current responsibilities as Vice President of Business Development and Director. Mr. Benedetti says: "I am pleased that my appointment has been made official, and look forward to communicating my strategic vision and an update on recent Company developments to shareholders." Concurrent with Mr. Benedetti's appointment, Carl Nelson tendered his resignation as President, CEO, and Director. Additionally, the company has retired 400,000 shares, which were to be issued as a part of the Cuprum acquisition to Mr. Nelson. Carl will keep the remaining 600,000 shares which are subject to a pooling agreement (along with the other Cuprum shareholders) over a period of 36 months and to all the applicable U.S. and Canadian legends. The Company has also cancelled all of Mr. Nelson's outstanding options. Finally, Bellhaven Copper and Gold would like to extend its gratitude Gratitude agrimony traditional symbol for gratitude. [Flower Symbolism: Flora Symbolica, 172] Androcles because he had once extracted a thorn from its paw, the lion refrained from attacking Androcles in the arena. [Rom. Lit. to Mr. Nelson for his past services and wish him all the best in his future endeavors. With no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. , and a comfortable cash position, Bellhaven Copper and Gold will continue along a course of aggressive portfolio expansion and property development. Further, the Company announces that it will be amending the exercise price on 100,000 incentive stock options from $0.96 per share to $0.72 per share. The options were originally granted on September 21, 2005, and expire on September 20, 2010. On behalf of the Board of Directors, Julio Benedetti, President and CEO BELLHAVEN COPPER & GOLD INC. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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