Belmont Engages Euroswiss Equity Group
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
BEA TSX.V
Belmont Engages Euroswiss Equity Group
For European Business Development Services
August 23, 2022 -Vancouver, B.C., Canada, - Belmont Resources L td. (“Belmont” or the “Company”)
(TSX.V: BEA; FSE: L3L2) pleased to announce that it has entered into an agreement with EuroSwiss Equity
Group (“EuroSwiss”) of Switzerland pursuant to which EuroSwiss will assist Belmont with business
development, media awareness and provide key introductions to the European investment community.
George Sookochoff, CEO of Belmont Resources stated, “EuroSwiss is a well-established European focused
capital markets group. They have built a large following of institution and high net worth investors throughout
Europe. We are looking forward to working with EuroSwiss and having access to their multi-faceted targeted
services.
The European community returns from summer holidays in September and it is the ideal time to initiate our
European marketing campaign. Our project will be generating ple nty of news in the coming months which
we are confident will create a strong interest within the European investment community”.
Under the agreement, Belmont will pay EuroSwiss a fee of CAD $48,000 for a term of 12 months.
The agreement is subject to approval by the TSX Venture Exchange.
Belmont Arranges $210,000 Non-Brokered Private Placement
Belmont also announces that it is undertaking a non-brokered private placement and will be applying to the
TSX Venture Exchange to close a private placement of up to $210 ,000 through the issuance of 3,000,000
Units (the “Units”) at $0.07. Each Unit will consist of one co mmon share of the Company and one warrant
exercisable at $0.10 in the first year and $0.15 in the second year (the “Warrants”).
The Company intends to pay finders fees of up to 8% cash and 8% warrants, subject to compliance with
applicable securities legislation and TSX.V policies.
The securities to be issued will be subject to a four-month and one day hold period from closing. The terms
of the financing are subject to customary closing conditions including, but not limited to, receipt of applicable
regulatory approvals, including approval of the TSX-V.
The Company intends to use the proceeds of the financing for fu rther exploration on its Greenwood
copper/gold camp projects and for working capital. While the Company intends to spend the proceeds from
the financing as stated above, there may be circumstances where, for sound business reasons, funds may
be reallocated at the discretion of the Board.
About Belmont Resources
Belmont Resources has assembled a portfolio of highly prospective copper-gold-lithium & uranium projects
located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include the Come
By Chance (CBC), Athelstan-Jackpot (AJ) and Pathfinder situated in the prolific Greenwood mining camp in
southern British Columbia. The Crackingstone Uranium project in the uranium rich Athabaska Basin of
northern Saskatchewan. The Lone Star copper-gold mine in the mineral rich Republic mining camp of north
NEWS RELEASE
August 23, 2022
`
Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
BEA TSX.V
central Washington State and the Kibby Basin Lithium project located 60 kilometers north of the lithium rich
Clayton Valley Basin.
Key Projects Updates
Kibby Lithium Project, Nevada
A 3,000 m drill program is in progress targeting a potential large lithium brine aquifer. BEA NR May 19, 2022
Lone Star Copper-Gold Project, Washington State
Belmont’s JV partner has recently completed a 7,800 meter drill program. The engineering firm Mining
Plus Pty Ltd. is currently conducting a NI 43-101 resource estimate. BEA NR Aug 17, 2022
`
Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
BEA TSX.V
Come By Chance (CBC) Copper-Gold Project, B.C.
Belmont recently completed a Phase I – 2,300 m drill program with results supporting a copper-gold
porphyry system. Porphyry type mineralization and alteration was identified in all 6 holes drilled.
Belmont is planning Phase II drilling in October 2022. BEA NR Aug 17, 2022
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
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.
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 o r r e s u l ts th a t m a y p r o v e to b e in a c c u r a te a s a r e s u lt o f
exploration and other risk factors beyond its control. 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 able to
obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled
and we may not be able to organize and carry out an exploration program in 2022, 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.