Business
Belmont Engages EuroSwiss Equity Group for European Business Development Services
(TheNewswire) August 23, 2022 – TheNewswire - Vancouver, B.C., Canada ...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Engages EuroSwiss Equity Group for European Business Development Services\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n August 23, 2022 –\n \n \n TheNewswire -\n \n \n Vancouver, B.C., Canada - Belmont Resources Ltd.\n(“Belmont” or the “Company”) (TSXV:BEA\n \n \n )\n \n \n ;\n \n \n (\n \n \n FSE:L3L2)\n \n \n is\n \n \n pleased to announce that it has entered into an agreement\nwith EuroSwiss Equity Group (“EuroSwiss”) of Switzerland pursuant\nto which EuroSwiss will assist Belmont with business development,\nmedia awareness and provide key introductions to the European\ninvestment community.\n \n \n \n \n George Sookochoff, CEO of Belmont Resources stated,\n“EuroSwiss is a well-established European focused capital markets\ngroup.  They have built a large following of institution and high net\nworth investors throughout Europe. We are looking forward to working\nwith EuroSwiss and having access to their multi-faceted targeted\nservices.\n \n \n \n \n The European community returns from summer holidays in\nSeptember and it is the ideal time to initiate our European marketing\ncampaign. Our project will be generating plenty of news in the coming\nmonths which we are confident will create a strong interest within the\nEuropean investment community”.\n \n \n \n \n Under the agreement, Belmont will pay EuroSwiss a fee\nof CAD $48,000 for a term of 12 months.\n \n \n \n \n The agreement is subject to approval by the TSX Venture\nExchange.\n \n \n \n \n Belmont Arranges $210,000\nNon-Brokered Private Placement\n \n \n \n \n Belmont also announces that it is undertaking a\nnon-brokered private placement and will be applying to the TSX Venture\nExchange to close a private placement of up to $210,000 through the\nissuance of 3,000,000 Units (the “Units”) at $0.07.  Each Unit\nwill consist of one common share of the Company and one warrant\nexercisable at $0.10 in the first year and $0.15 in the second year\n(the “Warrants”).\n \n \n \n \n The Company intends to pay finders fees of up to 8%\ncash and 8% warrants, subject to compliance with applicable securities\nlegislation and TSX.V policies.\n \n \n \n \n The securities to be issued will be subject to a\nfour-month and one day hold period from clo...