09:58 AM EST - Belo Sun Mining Corp. : announced that it has acquired the material surface rights at its 100% owned Volta Grande gold project in Para State, Brazil. The Company acquired surface rights for an area covering 1,734 hectares, which was comprised of three distinct properties - Fazenda Galo de Ouro covering 824.8 hectares, Fazenda Ouro Verde covering 503.6 hectares and Fazenda Ressaca covering 405.9 hectares. The total consideration agreed to be paid for the acquisition is R$8.2 Million in cash (approximately $4.1 Million Canadian Dollars) and the issuance of common shares of Belo Sun with an aggregate value of R$500,000 (approximately 280,000 common shares). Belo Sun Mining Corp.
shares T.BSX are trading up $0.02 at $1.18.
