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Bellevue Gold confirms it has hired a corporate advisor for potential acquirers

The trading halt on company shares was lifted at the close yesterday.

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Shares finished up 8.8% yesterday to close at 55.5 cents

Bellevue Gold Ltd (ASX:BGL) responded to a media article yesterday afternoon confirming it has appointed Canaccord Genuity (Australia) Limited as its financial advisor.

The company said Canaccord has been appointed to deal with any interest expressed by third parties in relation to it or its flagship Bellevue Gold Project in Western Australia.

Bellevue added that it is aware of its continuous disclosure obligations and does not have anything more to disclose in relation to the acquisition-related speculation at this time.

READ: Bellevue Gold in trading halt to respond to takeover speculation

Two exploration programs have been running at the Bellevue Gold Project in April 2019, the resource step-out and extension drilling program and the near-mine exploration program.

So far three high-grade gold target areas have been identified to the immediate north and west of Bellevue’s 1.53 million ounce resource grading 11.8 g/t gold.

The three target areas, Bellevue North-West, Bellevue West, and Government Well contain multiple walk up drill targets and all sit with within 20 kilometres of the Bellevue Gold Deposit.

Quick facts: Bellevue Gold Ltd

Price: 1.0225 AUD

ASX:BGL
Market: ASX
Market Cap: $802.25 m
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