Belmont Enhances USA Market Profile and Trading with Dtc Eligibility Approval ON OTC & Exhibits at Mines & Money-New York
BELMONT RESOURCES INC.
#600 – 625 Howe Street, Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: [email protected]
BELMONT ENHANCES USA MARKET PROFILE AND TRADING WITH DTC ELIGIBILITY
APPROVAL ON OTC & EXHIBITS AT MINES & MONEY-NEW YORK
Vancouver, B.C. Canada , April 28, 2017 – Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; DTC Eligible
– CUSIP 080499403 ); (“Belmont”, or the “Company).
DTC Eligible:
Belmont Resources Inc. has been made eligible for book -entry delivery and depository services of the Depository
Trust Company (DTC) to facilitate electronic settlement and tran sfer of its common shares on the U.S. stock
exchange OTC.
The Depository Trust Company is one of the world’s largest securities depositories. While there is no requirement
that any security be held at DTC to trade, many brokerage firms and issuers want t o take advantage of the
efficiencies and cost benefits that DTC offers. In contrast many stock exchanges require DTC eligibility prior to
listing of a security.
The DTC accepts deposits of securities from its participants only, which are usually clearing firms. DTC helps
boost efficiencies, reduce risk and lower costs for participants, issuers and investors throughout the cycle of a
security. The benefits begin with the eligibility/underwriting process, which enables the initial distribution of a
security offering to be made electronically to financial institutions that are DTC participants and ultimately to
investors. Once a security becomes eligible, DTC, through its nominee Cede & Co., is the registered holder of the
securities, routinely managing th e electronic, book -entry transfers of interests in securities among participants.
These participants are often holding and transferring interests in the securities at the direction of their customers,
including ultimate beneficial owners.
This electronic method of clearing securities accelerates the receipt of stock and cash, and thus streamlines the
settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of
brokerage firms by coming into compliance with their requirements.
“This approval will broaden Belmont’s appeal to U.S. investors and will allow brokers and professional advisers
previously unable or unwilling to follow or recommend the Company’s stock, to become more familiar with our
corporate story at this pivotal stage of our Company,” stated Gary Musil, Chief Financial Officer.
Mines & Money – New York City
Belmont Resources Inc. with Zimtu Capital Corp. and other Zimtu Advantage clients will be exhibiting at the Mines
& Money Conference located at the New York Hilton Midtown. For the first time in their 13 year history, Mines
and Money is coming to New York. The conference brings together world renowned expertise; the world’s leading
institutional investors, mining developers (major, mid -tier and junior), M&A and industry experts for
comprehensive coverage of opportunities in the mining finance landscape.
We would like to invite you to meet the Belmont Resources I nc. and Zimtu Capital team a t the Zimtu Capital booth
from 9:00 – 6:00 p.m. on Wednesday May 3, 2017 & Thursday May 4, 2017 . Register at
http://newyork.minesandmoney.com or twitter @MinesAndMoney #MMNY17.
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
On March 30, 2016; the Company acquire d 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, Nev ada-U.S.A. The Company believes the property to be
highly prospective to host lithium.
On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims totaling approx. 1724
hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position (the “Property”) to 2760 hectares (6,820
acres).
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture opportuni ties for its two
significant uranium properties (Crackingstone -982 ha & Orbit Lake – 11,109 ha) in the Uranium City District in Northern Saskatchewan,
Canada
ON BEHALF OF THE BOARD OF DIRECTORS
“Gary Musil”
Gary Musil, Corporate Secretary/CFO/Director
This Press Release may contain forward -looking statements that may involve a number of risks and uncertainties, based on ass umptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk facto rs beyond its control. Forward looking
statements in this news release include statements about the poss ible 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 include, among other things, that we may not be abl e
to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfill ed and we may not be able to
organize and carry ou t an exploration program in 2016 ; and other risks associated with being a miner al 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, the Company assum es no obligation to update
these forward-looking statements, or to update the reasons why actual results differed 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 TSX Vent ure Exchange) accepts responsibility
for the adequacy or accuracy of this news release.