Belmore Resources (Holdings) plc
LSE : BEL

May 10, 2011 09:30 ET

Exercise of Warrants

                                                                                       10 May 2011
                                                 
                                                 
                                                 
                                 Belmore Resources (Holdings) Plc
                                                 
                              ("Belmore Resources" or "the Company")
                                                 
                                       Exercise of Warrants


Belmore  Resources,  the  PLUS  quoted mining exploration company, today  announces  that  it  has
received  notification  that  Starvest plc has exercised warrants to  subscribe  for  a  total  of
2,333,333  Ordinary  shares  in  the  Company at a price  of  3.75p  per  share,  for  an  overall
consideration of GBP£87,500.

The  Board  of Belmore Resources confirms that the revised issued share capital in the Company  is
40,443,534 Ordinary Shares of €0.01 each.

Starvest  plc  now  has  a shareholding in the Company of 8,218,497 Ordinary  Shares  representing
20.32% of the issued share capital in the Company.

                                             --ENDS--


              The directors of the issuer accept responsibility for this announcement



ENQUIRIES:

Belmore Resources (Holdings) Plc                                       Tel: 00353 876812883
Patrick Mahony

Bishopsgate Communications Ltd                                         Tel: 020 7562 3350
Nick Rome/Michael Kinirons


Rivington Street Corporate Finance                                     Tel: 020 7562 3389
Eran Zucker



Notes to Editors

For further information please visit www.belmoreresources.com





Contact Information

  • Belmore Resources (Holdings) plc