Change of Name, Consolidation of Shares and Private Placement Financing
BELLA RESOURCES INC.
For immediate release
November 10, 2011 BP.H - NEX
Change of Name, Consolidation of Shares and Private Placement Financing
Bella Resources Inc. (the "Corporation"), formerly Mystique Energy Inc., announces that it has consolidated its outstanding share capital on a ten old shares for one new share basis. In addition, the Corporation changed its name to "Bella Resources Inc." effective May 18, 2011. The Corporation's shareholders approved the consolidation and name change at the last annual shareholders meeting held on April 15, 2010. The NEX division of the TSX Venture Exchange accepted notice of the consolidation and name change and granted the Corporation the new trading symbol of BP.H. The Company intends to call its next annual meeting in January 2012.
The Corporation will be conducting a private placement of 1.5 million units at $0.05 per unit for gross proceeds of $75,000. Each unit shall be comprised of one common share and one transferable warrant exercisable at $0.10 for a period of 12 months. Proceeds of the placement will be utilized to retire outstanding debts and provide general working capital. Finder's fees of up to 10% may be payable in cash or units to finders that introduce subscribers to the Corporation. This placement is subject to regulatory approval.
On Behalf of the Board
"Ken Ralfs" (signed)
Ken Ralfs.
President
For further information please contact:
Ken Ralfs, President (604)601-2105
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.