Belmont Engages EuroSwiss Equity Team for European Small business Development Products and services
August 23, 2022 – TheNewswire – Vancouver, B.C., Canada – Belmont Sources Ltd. (“Belmont” or the “Company”) (TSXV:BEA) (FSE:L3L2) is delighted to announce that it has entered into an arrangement with EuroSwiss Fairness Group (“EuroSwiss”) of Switzerland pursuant to which EuroSwiss will support Belmont with business development, media awareness and offer essential introductions to the European investment decision group.
George Sookochoff, CEO of Belmont Means stated, “EuroSwiss is a effectively-recognized European concentrated capital markets team. They have developed a huge pursuing of institution and superior internet worthy of traders during Europe. We are looking forward to doing the job with EuroSwiss and owning access to their multi-faceted specific products and services.
The European community returns from summertime vacations in September and it is the great time to initiate our European marketing and advertising marketing campaign. Our job will be creating a good deal of news in the coming months which we are self-confident will make a robust interest in just the European financial commitment community”.
Beneath the arrangement, Belmont will pay out EuroSwiss a cost of CAD $48,000 for a time period of 12 months.
The agreement is subject to approval by the TSX Enterprise Exchange.
Belmont Arranges $210,000 Non-Brokered Private Placement
Belmont also announces that it is endeavor a non-brokered private placement and will be applying to the TSX Venture Trade to close a personal placement of up to $210,000 by means of the issuance of 3,000,000 Units (the “Units”) at $.07. Each Device will consist of a person popular share of the Firm and a single warrant exercisable at $.10 in the initially year and $.15 in the second calendar year (the “Warrants”).
The Firm intends to pay back finders fees of up to 8% money and 8% warrants, subject matter to compliance with applicable securities laws and TSX.V guidelines.
The securities to be issued will be topic to a 4-month and 1 working day hold period from closing. The terms of the funding are issue to customary closing circumstances such as, but not minimal to, receipt of applicable regulatory approvals, such as approval of the TSX-V.
The Enterprise intends to use the proceeds of the financing for additional exploration on its Greenwood copper/gold camp jobs and for working money. While the Organization intends to expend the proceeds from the financing as mentioned higher than, there may possibly be conditions where, for seem company causes, money could be reallocated at the discretion of the Board.
About Belmont Assets
Belmont Means has assembled a portfolio of hugely prospective copper-gold-lithium & uranium tasks positioned in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings contain the Occur By Prospect (CBC), Athelstan-Jackpot (AJ) and Pathfinder positioned in the prolific Greenwood mining camp in southern British Columbia. The Crackingstone Uranium task in the uranium wealthy Athabaska Basin of northern Saskatchewan. The Lone Star copper-gold mine in the mineral prosperous Republic mining camp of north central Washington Point out and the Kibby Basin Lithium task located 60 kilometers north of the lithium loaded Clayton Valley Basin.
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Important Jobs Updates
Kibby Lithium Undertaking, Nevada
A 3,000 m drill plan is in progress focusing on a probable large lithium brine aquifer. BEA NR May perhaps 19, 2022
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Lone Star Copper-Gold Project, Washington Condition
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Belmont’s JV spouse has recently accomplished a 7,800 meter drill program. The engineering firm Mining As well as Pty Ltd. is presently conducting a NI 43-101 useful resource estimate. BEA NR Aug 17, 2022
Occur By Chance (CBC) Copper-Gold Venture, B.C.
Belmont just lately accomplished a Phase I – 2,300 m drill application with success supporting a copper-gold porphyry procedure. Porphyry style mineralization and alteration was determined in all 6 holes drilled.
Belmont is arranging Section II drilling in Oct 2022. BEA NR Aug 17, 2022
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ON BEHALF OF THE BOARD OF Directors
George Sookochoff, CEO/President
Neither the TSX Enterprise Exchange nor its Regulation Providers Supplier (as the time period is described in the guidelines of the TSX Undertaking Exchange) accepts obligation for the adequacy or accuracy of this news launch.
This Push Launch may perhaps consist of forward-wanting statements that may involve a selection of challenges and uncertainties, dependent on assumptions and judgments of administration relating to foreseeable future situations or outcomes that may well show to be inaccurate as a consequence of exploration and other threat things over and above its handle. Precise occasions or effects could differ materially from the Providers forward-searching statements and expectations. These challenges and uncertainties include things like, amongst other matters, that we may well not be equipped to acquire regulatory acceptance that we could not be capable to raise cash essential, that conditions to closing may not be fulfilled and we may perhaps not be able to manage and have out an exploration method in 2022, and other hazards related with getting a mineral exploration and advancement company. These ahead-on the lookout statements are manufactured as of the day of this information release and, besides as demanded by relevant legislation, the Firm assumes no obligation to update these forward-hunting statements, or to update the factors why real success differed from individuals projected in the ahead-searching statements.