More dilution -and @$0.50Was high on this but now I am out. Dead money.
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BELLAMONT EXPLORATION LTD. ANNOUNCES APPOINTMENT OF MR. PETER O'LEARY AS VICE PRESIDENT, EXPLORATION AND GRANT OF STOCK OPTIONS
Not for distribution to U.S. newswire services or for dissemination in the United States.
CALGARY, July 4, 2011 /CNW/ - Bellamont Exploration Ltd. ("Bellamont" or the "Corporation") (TSXV: BMX.A, BMX.B) is pleased announce the appointment of Mr. Peter O'Leary, P. Geol. as Vice President, Exploration.
Mr. O'Leary has over 22 years of oil and gas experience, in roles of increasing responsibility, including senior management. Most recently, Mr. O'Leary was a Vice President of a public intermediate oil and gas producer. Mr. O'Leary has previously worked with several of Bellamont's senior management team and his geological expertise, with a recent concentration on the Montney Formation, is very complimentary to Bellamont's key focus areas of the Peace River Arch of Alberta and British Columbia.
The Corporation has granted 700,000 stock options to Mr. O'Leary pursuant to its stock option plan. These options were issued at a price of
.50 per share, Bellamont's closing price as of June 30, 2011. The options are exercisable over a five year period and vest over three years.