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UPDATE: Bellhaven Options La Garrucha Concession in Colombia; Stocks Rise 6%

Bellhaven Copper & Gold Inc. (BHV.V) has entered into a head-of-terms option agreement with a subsidiary of AngloGold Ashanti Corporation, AngloGold Ashanti Colombia S.A., to acquire up to 100% interest in the 1,400-hectare La Garrucha mineral concession.

Under the terms of the agreement, Bellhaven will invest US$8.5 million over a 3-year period, including US$1 million in the first year, and define a NI 43-101 compliant resource in order to earn its interest.

BHV was up 6% to 9 cents, just 2 cents above 52-week lows.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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