August 23, 2022 – TheNewswire – Vancouver, B.C., Canada – Belmont Assets Ltd. (“Belmont” or the “Corporate”) (TSXV:BEA); (FSE:L3L2) is happy to announce that it has entered into an settlement with EuroSwiss Fairness Crew (“EuroSwiss”) of Switzerland pursuant to which EuroSwiss will help Belmont with enterprise advancement, media consciousness and supply key introductions to the Ecu funding group.
George Sookochoff, CEO of Belmont Assets said, “EuroSwiss is a well-established Ecu centered capital markets organization. They’ve constructed a big following of establishment and top web price traders all over Europe. We’re browsing ahead to running with EuroSwiss and gaining access to their multi-faceted focused amenities.
The Ecu group returns from summer time vacations in September and it’s the preferrred time to start up our Ecu advertising marketing campaign. Our undertaking shall be producing quite a lot of information within the coming months which we’re assured will create a robust pastime throughout the Ecu funding group”.
Below the settlement, Belmont pays EuroSwiss a rate of CAD $48,000 for a time period of twelve months.
The settlement is matter to approval through the TSX Undertaking Change.
Belmont Arranges $210,000 Non-Brokered Personal Placement
Belmont additionally publicizes that it’s endeavor a non-brokered personal placement and shall be making use of to the TSX Undertaking Change to near a personal placement of as much as $210,000 in the course of the issuance of three,000,000 Devices (the “Devices”) at $0.07. Each and every Unit will consist of 1 commonplace proportion of the Corporate and one warrant exercisable at $0.10 within the first yr and $0.15 in the second one yr (the “Warrants”).
The Corporate intends to pay finders charges of as much as 8% money and eight% warrants, matter to compliance with acceptable securities regulation and TSX.V insurance policies.
The securities to be issued shall be matter to a four-month and at some point hang length from ultimate. The phrases of the financing are matter to commonplace ultimate prerequisites together with, however now not restricted to, receipt of acceptable regulatory approvals, together with approval of the TSX-V.
The Corporate intends to make use of the proceeds of the financing for additional exploration on its Greenwood copper/gold camp tasks and for running capital. Whilst the Corporate intends to spend the proceeds from the financing as said above, there could also be instances the place, for sound enterprise causes, price range could also be reallocated on the discretion of the Board.
About Belmont Assets
Belmont Assets has assembled a portfolio of extremely potential copper-gold-lithium & uranium tasks positioned in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings come with the Come By way of Likelihood (CBC), Athelstan-Jackpot (AJ) and Pathfinder positioned within the prolific Greenwood mining camp in southern British Columbia. The Crackingstone Uranium undertaking within the uranium wealthy Athabaska Basin of northern Saskatchewan. The Lone Famous person copper-gold mine within the mineral wealthy Republic mining camp of north central Washington State and the Kibby Basin Lithium undertaking positioned 60 kilometers north of the lithium wealthy Clayton Valley Basin.
Key Tasks Updates
Kibby Lithium Venture, Nevada
A three,000 m drill program is in growth focused on a possible massive lithium brine aquifer. BEA NR Would possibly 19, 2022
Lone Famous person Copper-Gold Venture, Washington State
Belmont’s JV spouse has just lately finished a 7,800 meter drill program. The engineering company Mining Plus Pty Ltd. is lately undertaking a NI 43-101 useful resource estimate. BEA NR Aug 17, 2022
Come By way of Likelihood (CBC) Copper-Gold Venture, B.C.
Belmont just lately finished a Section I – 2,300 m drill program with effects supporting a copper-gold porphyry machine. Porphyry kind mineralization and alteration was once recognized in all 6 holes drilled.
Belmont is making plans Section II drilling in October 2022. BEA NR Aug 17, 2022
ON BEHALF OF THE BOARD OF DIRECTORS
George Sookochoff, CEO/President
Neither the TSX Undertaking Change nor its Legislation Services and products Supplier (because the time period is outlined within the insurance policies of the TSX Undertaking Change) accepts duty for the adequacy or accuracy of this information unlock.
This Press Unlock might comprise forward-looking statements that can contain quite a few dangers and uncertainties, according to assumptions and judgments of control referring to long term occasions or effects that can end up to be erroneous because of exploration and different chance components past its keep watch over. Precise occasions or effects may just vary materially from the Corporations forward-looking statements and expectancies. Those dangers and uncertainties come with, amongst different issues, that we would possibly not have the ability to download regulatory approval; that we would possibly not have the ability to lift price range required, that prerequisites to ultimate is probably not fulfilled and we would possibly not have the ability to arrange and perform an exploration program in 2022, and different dangers related to being a mineral exploration and advancement corporate. Those forward-looking statements are made as of the date of this information unlock and, except for as required through acceptable rules, the Corporate assumes no legal responsibility to replace those forward-looking statements, or to replace the the reason why precise effects differed from the ones projected within the forward-looking statements.