/EINPresswire.com/ -- VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 30, 2017) - Belvedere Resources Ltd. (TSX VENTURE:BEL) (the "Company") is pleased to announce that all resolutions presented before the Company's shareholders today at its Annual and Special Meeting, including, without limitation, board membership, appointment of auditors, and a resolution to amend the articles of the Company with the result that outstanding preferred shares are converted into common shares of the Company (which resolution included granting discretion to the Board of Directors to decide when and if the Company shall so decide to amend its articles), received requisite approvals by shareholders of the Company. Elected as directors of the Company were Brian Hinchcliffe, Steven Cuthill and Michael Sutton.

"We are grateful to our shareholders for today's vote, as Belvedere Resources now has the ability to pursue exploration and mining opportunities with a simplified corporate structure," said Brian Hinchcliffe, CEO.

The Company will now seek the requisite approvals necessary to complete the reorganization of its preferred share position into common shares of the Company and continue to reduce costs and optimize its own structure for the future.

BELVEDERE RESOURCES LTD.

Brian Hinchcliffe, Executive Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the ability of the Company to obtain the approvals necessary to convert its outstanding preferred share position into common shares of the Company, identify and complete strategic actions or else restructure itself. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's most recent management's discussion and analysis, a copy of which is filed on SEDAR at www.SEDAR.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.