Belmont Resources Completes Warrant Exercise Incentives for $105,000
Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615- 800 W. Pender Street,
Vancouver, B.C. V6C 2T6
Ph: 604-505-4061
BEA TSX.V
Belmont Resources Completes Warrant Exercise Incentives for $105,000
Vancouver, B.C. Canada, October 12, 2021; Belmont Resources Inc . (TSX.V: BEA; Frankfurt: L3L2)
(“Belmont”), (or the “Company”) is please to report that pursuant to the Company’s early Warrant Exercise
Incentive Program (the “Incentive Program”) as announced on September 10, 2021, certain warrant holders
have exercised a total of 2,100,000 warrants for total gross proceeds to the Company of $105,000
The Company will issue 2,100,000 common shares through the exercise of the original warrants and issue
2,100,000 incentive warrants. Each incentive warrant entitles the holder to acquire an additional common
share of the Company at a price of $0.10 per share until October 12, 2022. The incentive warrants and any
shares issued upon exercise of the incentive warrants are subject to a hold period expiring four months plus
on day from issuance. Funds raised will primarily be used for working capital and exploration on properties.
The balance of the 3,6 80,500 warrants that were not exercised under the Incentive Program wi ll remain
outstanding and continue to be exercisable for common shares of the Company at a price of $0.05 per share
until the original expiry dates of April 29, 2022 and May 7, 2022.
The Company will now apply to the TSX Venture Exchange for final accepta nce to close the Incentive
Program and issue the securities.
About Belmont Resources
Belmont Resources is engaged in the business of acquiring and re-developing past producing copper-gold-
silver mines in southern British Columbia and Northern Washington State. This region is considered to have
the highest concentration of mineralization and past producing mines in western North America. By utilizing
new exploration technology, geological modelling and specialized 3D data analysis , the company is
successfully identifying new areas of mineralization beneath and/or in the near vicinity of the past producing
mines.
The Belmont project portfolio:
NEWS RELEASE
October 12, 2021
Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615- 800 W. Pender Street,
Vancouver, B.C. V6C 2T6
Ph: 604-505-4061
BEA TSX.V
• Athelstan-Jackpot, B.C. – *Athelstan & Jackpot Gold-Silver mines
• Come By Chance, B.C. – *Betts Copper-Gold mine
• Lone Star, Washington – *Lone Star Copper-Gold mine
• Pathfinder, B.C. – *Bertha & Pathfinder Gold–Silver mines
• Black Bear, B.C. – Gold
• Pride of the West, B.C.- Gold
• Kibby Basin, Nevada – Lithium
• Crackingstone, Sask. – Uranium
* past producing mine
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
Ph: 604-505-4061
Email: [email protected]
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.