April 3, 2025 – TheNewswire – Vancouver, B.C., Canada – Belmont Resources Inc. (“Belmont” or the “Company”) (TSX.V: BEA; FSE: L3L2) proposes to undertake a private placement of securities to raise total gross proceeds of up to $1,363,500. The financing shall consist of 30,300,000 common shares at $0.045.
Policy 4.1 – Private Placements (“Policy 4.1”) of the TSX Venture Exchange (“TSXV”) Corporate Finance Manual requires shareholder approval where a transaction results in a shareholder or combination of shareholders holding or controlling 20% or more of the Company’s shares (a “Control Person”). The Company anticipates that, upon completion of the financing, three investors HMS Bergbau AG (“HMS”), ERAG Energie & Rohstoff AG PCC (“ERAG”) and LaVo Verwaltungsgesellschaft MBH (“LaVo”) will on a combined basis comprise a Control Person within the meaning of Policy 4.1. To fulfil the…
