Belmont Proceeds with Eight (8) to One (1) Consolidation of Share Capital
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 PROCEEDS WITH EIGHT (8) TO ONE (1) CONSOLIDATION OF SHARE
CAPITAL
Vancouver, B.C. Canada , June 4 , 2019 ; Belmont Resources Inc. (“Belmont”), (or the
“Company”), (TSX.V: BEA; FSE: L3L1; DTC Eligible – CUSIP 080499502 -new).
Consolidation:
Belmont Resources Inc. (TSX -V: BEA) announces that effective June 6, 2019 at market open, the
Company will consolidate its common shares on the basis of one (1) new post -consolidated common
share for every eight (8) pre -consolidated common shares. The Company's common shares will begin
trading on a post consolidated basis on the TSX Venture Exchange on June 6, 2019.
As a result of the consolidation, the Company's outstanding 92,229,906 common shares were reduced to
11,528,739 common shares. No fractional shares will be issued. Any fractions of a share will be rounded
to the nearest whole number of common shares. The Company's name and trading symbol will remain
unchanged. The consolidation was approved by the d irectors of the Company on May 24, 2019 and
accepted by the TSX Venture Exchange.
Registered shareholders will be required to exchange their share certificates representing pre -
consolidation common shares for new share certificates representing post -consolidation common shares.
Registered shareholders will be sent a transmittal letter from the Company's transfer agent, AST Trust
Company (Canada), as soon as practicable after the effective date of the consolidation. The letter of
transmittal will contain instructions on how certificate(s) representing pre -consolidation shares may be
surrendered to AST Trust Company (Canada) . The transfer agent will forward to each registered
shareholder who has provided the required documents a new share certificate repr esenting the number of
post-consolidation common shares to which the shareholder is entitled. Until surrendered, each certificate
representing pre -consolidation common shares of the Company will be deemed for all purposes to
represent the number of whole post-consolidation common shares to which the holder is entitled as a
result of the consolidation.
It is the opinion of the Board of Directors of the Company the consolidation will facilitate new equity
investment in the Company.
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
(i) On March 28, 2019 Belmont en tered into an agreement to acquire 100% interest in 253.34
hectares of mineral claims (now increased to 295.56 ha) which are part of the former
Pathfinder Property, located in the historically productive Republic -Greenwood Gold
District. Copper and gold mining in this camp dates back to the turn o f the century. The
property is currently surrounded on 3 sides by claims held by KG Exploration (Canada) Inc.
(a wholly owned subsidiary of Kinross Gold Corporation).
(ii) Belmont owns the Kibby Basin Lithium project covering 2,056 hectares (5,080 acres) in
Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km north of
Clayton Valley, Nevada the location of the only US Lithium producer. MGX Minerals Inc.
(CSE: XMG) has earned a 25% interest in the Kibby project.
(iii) In 50/50 ownership with International Montoro Resources Inc., Belmont owns and is
exploring joint venture opportunities for its significant uranium properties (Crackingstone -
982 ha) in the Uranium City District in Northern Saskatchewan, Canada
ON BEHALF OF THE BOARD OF DIRECTORS
“Gary Musil”
Gary Musil
Corporate Secretary/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 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 th e
Companies forward-looking statements and expectations. These risks and uncertainties include, 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 an d we may not be able to organize and carry out an exploration program in 201 9, 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, the Company assumes 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
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.