Stan Bharti, Peter Tagliamonte, Denis Arsenault and Mark Eaton (collectively referred as "Supporting Directors"), Directors of Belo Sun Mining Corp (TSX:BSX) acquired additional 6.41% stake in Belo Sun Mining Corp (TSX:BSX) from an existing shareholder for CAD 10 million on April 23, 2018. As a part of the transaction, Stan Bharti and Peter Tagliamonte acquired 12.9 million shares each, Denis Arsenault acquired 3 million shares and Mark Eaton acquired 1 million shares. All the shares were acquired at a price of CAD 0.34 each. To facilitate the Supporting Directors for the transaction, Belo Sun loaned them an aggregate amount of CAD 10 million. Under the terms of the loans entered into with the Supporting Directors, Belo Sun will receive a per annum interest rate of LIBOR plus 1%, payable on each one-year anniversary of the loans. The principal amount of the loans will be due and payable, together with all accrued and unpaid interest thereon, on the date which is 24 months following the issuance of the loans. Unsecured promissory notes have been entered into with each of the Supporting Directors for their respective loans. Post transaction, Stan Bharti, Peter Tagliamonte, Denis Arsenault and Mark Eaton holds 2.78%, 2.8%, 0.66% and 2.16% stake respectively. Stan Bharti, Peter Tagliamonte, Denis Arsenault and Mark Eaton, Directors of Belo Sun Mining Corp (TSX:BSX) completed the acquisition of additional 6.41% stake in Belo Sun Mining Corp (TSX:BSX) from an existing shareholder on April 23, 2018.