Bella Resources Inc. – Consolidation and Private Placement
PRESS RELEASE
BELLA RESOURCES INC.
(the “Corporation”)
(TSX NEX – BP.H)
Bella Resources Inc. – Consolidation and Private Placement
August 21, 2013
Bella Resources Inc. (TSX NEX Exchange BP.H) reports that it is proceeding with the consolidation of its capital on a four (4) old common shares for one (1) new common share basis, as was approved at the Corporation’s Annual & Special General Meeting held March 4, 2013. After giving effect to the consolidation the Corporation will have approximately 1,888,518 common shares outstanding. In addition the Corporation intends to change its name to Angel BioVentures Inc.
In conjunction with the consolidation the Corporation intends to complete a Private Placement comprised of up to 26,000,000 units issued at $0.05 per unit. Each unit shall be comprised of one post-consolidated common share and one transferable warrant exercisable at $0.10 for a period of 12 months from closing. Finders' fees and/or commission shall be payable in cash or units within the permissible limits of the policies of TSX NEX Exchange for introduced parties. In addition, the Corporation may issue units in satisfaction of debt at $0.05 per unit. A maximum of 6,000,000 units will be issued to insiders in satisfaction of outstanding debt. The number of units issued for cash and debt settlement will be revised downwards, as required, to ensure that the Corporation has at least of $500,000 unallocated working capital to source and evaluate a suitable business to reactivate the Corporation.
The Corporation is listed on the TSX NEX Exchange.
On Behalf of the Board “Ken Ralfs”
Ken Ralfs Director
For further information, please contact:
Randy Clifford Phone: 780-466-6006
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This news release contains certain forward-looking statements that reflect the current views and/or expectations of management with respect to performance, business and future events, including but not limited to express or implied statements and assumptions regarding the Company's intention to exercise the option referred to herein and the receipt of necessary regulatory approvals. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the Company will choose not exercise the option and those risks relating to changes in the market, potential downturns in economic conditions, fluctuations in the price and supply of raw materials, equipment and skilled labour, fluctuations in the market price of minerals, foreign exchange fluctuations, regulatory requirements and changes thereto, competition, and other risk factors listed from time to time in the Company's public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.