06:18:23 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Belmont Resources Inc (4)
Symbol BEA
Shares Issued 16,515,405
Close 2020-01-06 C$ 0.035
Market Cap C$ 578,039
Recent Sedar Documents

Belmont arranges $15,000 demand loan

2020-01-08 01:39 ET - News Release

Mr. Gary Musil reports

BELMONT ARRANGES AN ADDITIONAL $15,000 LOAN

Belmont Resources Inc. has arranged a demand loan for an additional $15,000 from a non-related party.

The proceeds of the loan are to be used for working capital and exploration assessment work.

The loan bears interest at 1.5 per cent per month. In consideration for the loan, the company has also agreed to issue 60,000 bonus common shares, at a deemed price of five cents per share. The loan and issuance of bonus shares are subject to regulatory approval, and the shares issuable pursuant to the agreement will be subject to a four-month-and-one-day hold period from the date issued.

About Belmont Resources Inc.

The company is systematically exploring its extensive property positions in British Columbia (gold), Nevada (lithium) and Saskatchewan (uranium).

We seek Safe Harbor.

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