Longbow Capital Inc.

June 09, 2008 22:43 ET

Longbow Capital Inc. Acquires Class A Shares of Bellamont Exploration Ltd.

CALGARY, ALBERTA--(Marketwire - June 9, 2008) - On June 4, 2008, Longbow Capital Inc. ("Longbow"), through Longbow Capital Limited Partnership #17 and Ruth Birchall acquired control of 1,380,000 Class A common shares of Bellamont Exploration Ltd. ("Bellamont") through a private placement by Bellamont of Class A common shares at a price of $1.45 per Class A common share. As a result, Longbow together with affiliates, insiders and associates will control an aggregate of 8,770,000 Class A common shares of Bellamont or 19.7% of the outstanding Class A common shares of Bellamont. Longbow may be considered to be acting jointly or in concert with entities of which it controls and certain of its affiliates, insiders and associates, including Longbow Capital Limited Partnership #7, Longbow Capital Limited Partnership #9, Longbow Capital Limited Partnership #11, Longbow Capital Limited Partnership #14, Longbow Capital Limited Partnership #15, Longbow Capital Limited Partnership #16, Longbow Capital Limited Partnership #17, Clan Investments Ltd., Ruth Birchall and Allison Earl under applicable securities laws.

The acquisition of Class A common shares was for investment purposes and each of Longbow and its associates may, from time to time, as market opportunities exist or develop, increase or decrease their beneficial ownership, or control and direction over, Bellamont's Class A common shares as permitted by securities law. Longbow may in the future take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including the purchase of additional Class A common shares or other securities of Bellamont through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.

The issuance of this news release is not an admission that an entity named in this news release owns or controls any described securities or is a joint actor with another named entity.

Contact Information

  • Longbow Capital Inc.
    Larry Birchall
    President
    (403) 264-1888
    Suite 701, 42-7th Avenue S.W.
    Calgary, Alberta T2P 4K9