The company raised A$6.5 million at 20c per share in an oversubscribed initial public offering.

The stock rose as high as 30c and closed at 24.5c, giving the company a market capitalisation of $16.4 million.

Capricorn Metals executive chairman Mark Clark and Bellevue Gold managing director Steve Parsons are Bellavista's largest shareholders, each with almost 10% of the company.

Capricorn CEO Kim Massey and Bellevue non-executive director Michael Naylor each hold just over 5%.

Other names on the register include Nero Resource Fund, Diggers & Dealers owner Myles Ertzen and former Perseus Mining MD Mark Calderwood.

Bellavista is chaired by experienced company director Mel Ashton, with geologist Mick Wilson as executive director, former Gryphon Minerals chief operating officer Steven Zaninovich as non-executive director and Naylor as chief financial officer and company secretary.

Natalia Brunacci, a geologist who played a key role in Bellevue's rapid exploration success since its early days, is exploration manager.

Bellavista owns the Edmund base metals and uranium project in the Upper Gascoyne region of Western Australia's Mid West, where a 17,000m drilling program is set to begin within days.

Historical drilling by CRA at the Brumby zinc-copper-silver prospect returned results including 29m at 1.3% zinc, 0.22% copper and 24.5 grams per tonne silver.

The Vernon target, immediately west of Brumby, is considered to have a similar geological setting to the Nova-Bollinger nickel-copper mine, while the Kiangi uranium target returned rock chips grading up to 1200 parts per million uranium.

Canada's Teck Resources recently secured a large landholding about 20km north of Bellavista's tenements, while Galena Mining's new Abra lead-zinc mine is 30km south.