Business
Belmont Closes $197,501 FT Private Placement
(TheNewswire) Vancouver, B.C. Canada – TheNewswire - July 22, 2021...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Closes $197,501 FT Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. Canada –\n \n \n TheNewswire - July 22, 2021 -\n \n \n Belmont Resources Ltd.\n \n \n (“Belmont”), (or the “Company”), (\n \n \n TSXV:BEA\n \n \n )\n \n \n (\n \n \n FSE:L3L2\n \n \n ) announces that it has applied to the TSX Venture Exchange\nfor approval to close the first tranche of the private placement\nannounced on July 12, 2021 for aggregate gross proceeds of up to\n$197,501.50 (the “FT Financing”). The FT Financing will consist of\n2,721,450 Units – (the “FT Units”) of the Company at a price of\n$0.07 per Share.\n \n \n \n \n FT Units:\n \n \n \n \n Subject to approval, the Company will issue 2,721,450\nUnits.  Each FT Unit consists of one common share of the Company (a\n“Common Share”) and one transferable NFT share purchase warrant (a\n“Warrant”). Each Warrant entitles the holder to purchase one\nCommon Share at a price of $0.12 for a period of two years from the\ninitial closing date of the financing.\n \n \n \n \n The use of proceeds of the financing will be used to\nconduct a 3D-IP Survey which will help delineate specific drill\ntargets for an upcoming drill program on the Come By Chance\n(“CBC”) copper-gold porphyry project. The proceeds may also be\nused for other exploration as deemed necessary on its properties\nlocated in the Greenwood Mining district of southern British\nColumbia.\n \n \n \n \n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n View Come By Chance Planned IP Grid:\n \n \n \n \n https://bit.ly/2V2A9xB\n \n \n \n \n \n \n View Come By Chance Video:\n \n \n \n \n https://bit.ly/3liQ0ji\n \n \n \n \n \n \n All securities issued under this private placement, and\nthe shares that may be issuable on the exercise of the warrants, are\nsubject to a statutory hold period expiring four-months and one day\nfrom issuance and to customary closing conditions including, but not\nlimited to, receipt of applicable regulatory approvals, including\napproval of the TSX-V.\n \n \n \n \n The Company will be paying finder’s fees (8%)\ntotaling $11, 200.12 in cash and 160,002 brokers warrants to PI\nFinancial Corp.\n \n \n \n \n There are 10 subscribers of which one...