Belmont Resources Announces Equity Investment from Singapore and Liechtenstein Private Investment Holding Companies

Under the terms of the private placement, Belmont Resources will issue 7,000,000 common shares (“Common Shares”) in the capital of the Company to each of two private investment holding companies, Commodities and Resources Pte.Ltd of Singapore and ERAG Energie & Rohstoff AG PCC of Liechtenstein at a price of C$0.03 per Common Share for gross proceeds of C$420,000. There are no share purchase warrants attached to the offering nor are there any finder’s fees payable.

ERAG Energie & Rohstoff AG PCC and Commodities and Resources Pte.Ltd are privately owned investment holdings which invest in companies that are active in the commodities sector (incl. commodity trading), mining and energy. Both companies are arms length and there will be no new insiders or control positions pursuant to the closing.

The Company welcomes Commodities and Resources Pte.Ltd and ERAG Energie & Rohstoff AG PCC as strategic investors with a long-term focus and support for […]

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