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Enter Symbol
or Name
USA
CA



Belmont Resources Inc (3)
Symbol BEA
Shares Issued 65,430,308
Close 2018-04-04 C$ 0.045
Market Cap C$ 2,944,364
Recent Sedar Documents

ORIGINAL: Belmont closes $58,000 final placement tranche

2018-04-05 14:03 ET - News Release

Received by email:

File: BEA.Apr.5.18 - Belmont closes $58,000 Final tranche of p.p.Financing.Final.docx

 
BELMONT CLOSES FINAL TRANCHE - $58,000 OF TOTAL $198,000 PRIVATE PLACEMENT

Vancouver, B.C. Canada, April 5, 2018 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1;   DTC Eligible - CUSIP 08049940
--->3  ); ("Belmont", or the "Company).

Financing:

Further to the TSX Venture Exchange Bulletin and the Company's press release dated March 22, 2018, the Company advises
---> that it has now issued a further 1,160,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $58
--->,000.  Each Unit consists of one common share of the Company and one transferable share purchase warrant (a "Warrant")
--->.  Each whole Warrant will permit the holder to acquire one additional share of the Company at a price of $0.05 for tw
--->o years (up to April 4, 2020).  

The Common Shares and Warrants have been issued having a hold period until August 5, 2018.  No finder's fee was payabl
--->e.

In the aggregate, the Company has now closed $198,000 in gross proceeds which will be used for continued exploration o
--->n its 100% owned Kibby Basin-lithium property, Nevada; and working capital.

About Belmont Resources Inc.
Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties 
--->in Canada and Nevada, U.S.A.

For further information see our Website at:  www.BelmontResources.com 
 -Facebook https://www.facebook.com/Nevadalithium/
 -Twitter https://twitter.com/Belmont_Res

Belmont has recently optioned 31 mineral claims encompassing approx. 7 sq.km; located 24 km northwest of Saint John, N
--->ew Brunswick - the Mid Corner/Johnson Croft - a Zinc, Cobalt prospect.

On March 30, 2016; the Company acquired sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in
---> Esmeralda County, Nevada, U.S.A.  The Kibby Basin property is located 65 km north of Clayton Valley, Nevada-U.S.A.  T
--->he Company believes the property to be highly prospective to host lithium.  Subsequent ground geophysics & gravity sur
--->veys, surface sampling and a two hole- 2046 ft. diamond drill program have confirmed the presence of lithium on Kibby.

On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims t
--->otaling approx. 1724 hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position 
--->(the "Property") to 2,760 hectares (6,820 acres).

In 50/50 ownership  with International Montoro Resources Inc., Belmont  has acquired and is exploring joint venture op
--->portunities for its  two significant uranium properties (Crackingstone -982 ha & Orbit Lake - 11,109 ha) in the Uraniu
--->m City District in Northern Saskatchewan, Canada  

 ON BEHALF OF THE BOARD OF DIRECTORS
"Gary Musil"
Gary Musil, CFO/Director 

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based 
--->on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a res
--->ult of exploration and other risk factors beyond its control.  Forward looking statements in this news release include
---> statements about the possible raising of capital and exploration of our properties.   Actual events or results could 
--->differ materially from the Companies forward-looking statements and expectations.  These risks and uncertainties inclu
--->de, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds 
--->required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an explorat
--->ion program in 2016; and other risks associated with being a mineral exploration and development company. These forwar
--->d-looking statements are made as of the date of this news release and, except as required by applicable laws, the Comp
--->any assumes no obligation to update these forward-looking statements, or to update the reasons why actual results diff
--->ered from those projected in the forward-looking statements. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.  



File: BEA.Apr.5.18 - Belmont closes $58,000 Final tranche of p.p.Financing.Final.pdf

BELMONT RESOURCES INC.
#600   625 Howe Street, Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: gmusil@belmontresources.com




      BELMONT CLOSES FINAL TRANCHE   $58,000 OF TOTAL $198,000 PRIVATE PLACEMENT

Vancouver, B.C. Canada, April 5, 2018   Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; DTC Eligible  
CUSIP 080499403 ); ("Belmont", or the "Company).

Financing:

Further to the TSX Venture Exchange Bulletin and the Company's press release dated March 22, 2018, the
Company advises that it has now issued a further 1,160,000 units (the "Units") at a price of $0.05 per Unit for gross
proceeds of $58,000. Each Unit consists of one common share of the Company and one transferable share purchase
warrant (a "Warrant"). Each whole Warrant will permit the holder to acquire one additional share of the Company
at a price of $0.05 for two years (up to April 4, 2020).

The Common Shares and Warrants have been issued having a hold period until August 5, 2018. No finder's fee was
payable.

In the aggregate, the Company has now closed $198,000 in gross proceeds which will be used for continued
exploration on its 100% owned Kibby Basin-lithium property, Nevada; and working capital.

About Belmont Resources Inc.
Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties 
--->in Canada and Nevada,
U.S.A.

For further information see our Website at: www.BelmontResources.com
         -Facebook https://www.facebook.com/Nevadalithium/
         -Twitter https://twitter.com/Belmont_Res
Belmont has recently optioned 31 mineral claims encompassing approx. 7 sq.km; located 24 km northwest of Saint John, N
--->ew Brunswick   the
Mid Corner/Johnson Croft   a Zinc, Cobalt prospect.

On March 30, 2016; the Company acquired sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in
---> Esmeralda County,
Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley, Nevada-U.S.A. The Company believes t
--->he property to be
highly prospective to host lithium. Subsequent ground geophysics & gravity surveys, surface sampling and a two hole- 2
--->046 ft. diamond drill
program have confirmed the presence of lithium on Kibby.

On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims t
--->otaling approx. 1724
hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position (the "Property") to 2
--->,760 hectares (6,820
acres).

In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture oppo
--->rtunities for its two
significant uranium properties (Crackingstone -982 ha & Orbit Lake   11,109 ha) in the Uranium City District in Northe
--->rn Saskatchewan,
Canada

 ON BEHALF OF THE BOARD OF DIRECTORS
"Gary Musil"
Gary Musil, CFO/Director

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based 
--->on assumptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of exploration and other ris
--->k factors beyond its control. Forward looking
statements in this news release include statements about the possible raising of capital and exploration of our proper
--->ties. Actual events or results could differ
materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, amon
--->g other things, that we may not be able
to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be 
--->fulfilled and we may not be able to
organize and carry out an exploration program in 2016; and other risks associated with being a mineral exploration and
---> development company. These
forward-looking statements are made as of the date of this news release and, except as required by applicable laws, th
--->e Company assumes no obligation to update
these forward-looking statements, or to update the reasons why actual results differed from those projected in the for
--->ward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this news release.
 


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