Belo Sun Announces Special Meeting of Shareholders Voting Results

Executive Summary

• Shareholders approved the issuance of up to 56,565,697 common shares to La Mancha Investments under the previously announced private placement.
• The approval was secured with 91.99% of disinterested shareholders voting in favor, representing roughly 55.4% of the company’s outstanding shares.
• Closing of the private placement is expected within a few days, providing additional capital to advance the Volta Grande Gold Project.

Key Details

• Approval Rate: 91.99% of disinterested shareholders voted “yes.”
• Shares Authorized for Issuance: Up to 56,565,697 common shares to La Mancha Investments S.à r.l.
• Voting Participation: 260,820,988 common shares voted, ≈55.4% of issued and outstanding shares.
• Private Placement Announcement Date: December 22, 2025.
• Closing Timeline: Expected “in the coming days” following shareholder approval.
• Purpose: To fund continued development of the Volta Grande Gold Project in Pará State, Brazil.

Notable Quotes

“We are pleased our Shareholders recognize the value of La Mancha’s support, and we look forward to continued mutual success as we responsibly advance the Volta Grande Gold Project. With Shareholder approval now in place, we expect to close the Private Placement in the coming days.” – Clovis Torres, Chairman and CEO, Belo Sun Mining Corp.