|By Marketwired .||
|June 18, 2014 01:14 PM EDT||
SUN VALLEY, IDAHO -- (Marketwired) -- 06/18/14 -- Sun Valley Gold LLC ("Sun Valley") announced today that it has acquired control and direction over 7,000,000 common shares ("Common Shares") of Belo Sun Mining Corp. ("Belo Sun") on behalf of client accounts over which Sun Valley has discretionary trading authority. The Common Shares,, which are beneficially owned by the client accounts, were acquired over the facilities of the Toronto Stock Exchange for a purchase price of $0.19 per Common Share. Following completion of the acquisition, Sun Valley exercises control and direction over 32,841,232 Common Shares for and on behalf of client accounts, represent approximately 12.35% of the issued and outstanding Common Shares.
The securities of Belo Sun were acquired for investment purposes. Sun Valley may increase or decrease its ownership of securities of Belo Sun depending upon future market conditions.
FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW.
Sun Valley Gold LLC
Linda J. Kish
Chief Legal Officer