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Bellavista Resources Limited (ASX:BVR)

ALERT: Price-sensitive ASX Announcement for BVR
Current share price for BVR : $0.350 -0.28 (-44.44%)+
Announcement
Release
29 Apr 2026 6:17PM
Price at Release
$0.630
Full Release
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Summary
FireFly Metals Ltd has completed the sale of its Ontario Gold Assets, comprising a 70% interest in the Pickle Crow Project and 100% of the Sioux Lookout Project, to Bellavista Resources Ltd. The transaction involved the sale of all issued share capital in Auteco Minerals (Canada) Pty Ltd and the assignment of certain intercompany loans to Bellavista. FireFly received 60 million Bellavista shares and 50 million performance rights as consideration. An in-specie distribution of Bellavista shares to FireFly shareholders is scheduled, offering one Bellavista share for approximately every 12.8 FireFly shares held, with the record date set for 4 May 2026 and distribution expected on 11 May 2026. The announcement also highlights the leadership at Bellavista, noting the involvement of key figures from the successful De Grey Mining Ltd.
Key Points
  • Completion of sale of Ontario Gold Assets by FireFly to Bellavista
  • Involvement of Pickle Crow and Sioux Lookout Projects
  • Consideration includes 60 million Bellavista shares and 50 million performance rights
  • In-specie distribution of Bellavista shares to FireFly shareholders
  • Record date for distribution set for 4 May 2026
  • Distribution expected on 11 May 2026
  • Bellavista led by former De Grey Mining leaders
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.