TORONTO, ONTARIO, Jul. 29, 2010 (Marketwire) -- Belo Sun Mining Corp. (TSX VENTURE:BSX) (the "Company" or "Belo Sun") is pleased to announce that it has granted a total of 1,968,000 options under the share option plan of the Company to certain officers and directors of the Company. The options shall vest immediately, are exercisable at $0.36 per option, expire on July 29, 2015, and are subject to regulatory approval.
About the Company
Belo Sun Mining Corp. (formerly Verena Minerals) is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's prime focus is on advancing and expanding its 100% owned Volta Grande Project, located in Para State. Belo Sun trades on the TSX Venture Exchange under the symbol "BSX" and has approximately 138 million common shares issued and outstanding.
Cautionary Statement on Forward Looking Information
This press release includes forward looking statements within the meaning of applicable securities laws, including without limitation, the effect and timing of the name change on the Company, mineral resource estimates, statements regarding the planned exploration program, and the purposes and costs of the program. Forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from what is currently expected. Accordingly, readers should not place undue reliance on forward looking statements. For a more detailed discussion of such risks and other factors, refer to Belo Sun's filings with the Canadian securities regulators available on www.sedar.com or the Company's website at www.belosun.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
