Belmont Resources Announces Granting of Incentive Options and Approves Management Agreement
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 600 - 625 Howe Street,
Vancouver, B.C. V6C 2T6
Ph: 604-683-6648
BEA TSX.V
Belmont Resources Announces Granting of Incentive Options
and Approves Management Agreement
Vancouver, B.C. Canada, August 28, 2020; Belmont Resources Inc (TSX.V: BEA; Frankfurt: L3L2) (“Belmont”), (or the
“Company) reports that it has granted a total of 1,800,000 incentive stock options under the Corporation's stock
option plan to certain Directors, Officers, and Consultants of the Corporation. The options were granted at a
deemed price of $0.06 and are exercisable until August 28, 2025. The incentive options are subject to a hold period
of four months and a day from issuance.
The granting of options is subject to approval by the TSX Venture Exchange.
The Corporation also announces that the board of directors has approved the entering into a management
agreement with George Sookochoff, doing business as Cankor Capital Inc. The management agreement can be
viewed on SEDAR
About Belmont Resources Inc.
Belmont Resources is a British Columbia based company engaged in the business of
acquisition, exploration and development of mineral properties located in the highly
prospective Greenwood‐Republic mining camps. The Company has over a short period
of time systematically acquired six past producing gold‐silver and copper‐gold mines.
‐ Athelstan & Jackpot Gold mines (Athelstan‐Jackpot property ‐ 100%)
‐ Bertha & Pathfinder Gold‐Silver mines (Pathfinder property ‐ 100%).
‐ Betts Copper‐Gold mine (Come By Chance property ‐ 100%)
‐ Lone Star Copper‐Gold mine (Lone Star Property ‐ LOI)
Click to view property map
ON BEHALF OF THE BOARD OF DIRECTORS
“James H. Place”
James H. Place, P.Geo, Director
Ph: 604‐683‐6648
Email: [email protected]
Website: www.BelmontResources.com
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as the term is defined in the policies of the TSX Ventu re
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
NEWS RELEASE
August 28, 2020