By Sheri Kasprzak
New York, Jan. 13 - Goldbelt Resources Ltd. said it has completed a C$1 million private placement with Dundee Precious Metals Inc.
Dundee bought 1,538,462 shares at C$0.65 each.
The investor also received warrants for 2.5 million shares. The details of the warrants could not be determined Friday evening.
The offering brings Dundee's interest in Goldbelt to 18% from 14.6%.
Toronto-based Goldbelt is a gold exploration company.
| Issuer: | Goldbelt Resources Ltd.
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| Issue: | Stock
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| Amount: | C$1 million
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| Shares: | 1,538,462
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| Price: | C$0.65
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| Warrants: | For 2.5 million shares
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| Investor: | Dundee Precious Metals Inc.
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| Settlement date: | Jan. 13
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| Stock symbol: | TSX Venture: GLD
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| Stock price: | C$0.95 at close Jan. 13
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