Bellavista IPO sees highly successful mining execs emerge with major stakes

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Two leading lights of the WA resources industry have emerged as major shareholders of battery minerals explorer Bellavista Resources (BVR) , which makes its eagerly-awaited share market debut today.

Capricorn Resources (ASX: CMM) executive chairman Mark Clark and Bellevue Gold (ASX: BGL) managing director Steve Parsons have each acquired a 10 per cent stake in Bellavista while Capricorn CEO Kim Massey and Bellevue non-executive director, Michael Naylor, will each have a 6 per cent stake.

In addition to these high-profile shareholders, a number of globally significant institutions have invested and will own approximately 12 per cent of the company.On listing, the top 20 shareholders will account for 59 per cent of the company.The Bellavista Prospectus closed heavily over-subscribed on its first day after the company raised $6.5 million in its Initial Public Offering.Bellavista will have a market capitalisation of $13.3 million based on its IPO price of 20c a […]

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