Business
Belmont Resources Completes Warrant Exercise Incentives for $105,000
(TheNewswire) Vancouver, B.C. Canada – TheNewswire - October 1...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Resources Completes Warrant Exercise Incentives for $105,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. Canada –\n \n \n TheNewswire -\n \n \n October 12, 2021;\n \n \n Belmont Resources Inc.\n(TSXV:BEA\n \n \n )\n \n \n (\n \n \n Frankfurt: L3L2)\n \n \n (“Belmont”), (or the\n“Company”) is please to report that pursuant to the Company’s\nearly Warrant Exercise Incentive Program (the “Incentive Program”)\nas announced on September 10, 2021, certain warrant holders have\nexercised a total of 2,100,000 warrants for total gross proceeds to\nthe Company of $105,000\n \n \n \n \n The Company will issue 2,100,000 common shares through\nthe exercise of the original warrants and issue  2,100,000 incentive\nwarrants.  Each incentive warrant entitles the holder to acquire an\nadditional common share of the Company at a price of $0.10 per share\nuntil October 12, 2022.  The incentive warrants and any shares issued\nupon exercise of the incentive warrants are subject to a hold period\nexpiring four months plus on day from issuance.  Funds raised will\nprimarily be used for working capital and exploration on\nproperties.\n \n \n \n \n The balance of the 3,680,500 warrants that were not\nexercised under the Incentive Program will remain outstanding and\ncontinue to be exercisable for common shares of the Company at a price\nof $0.05 per share until the original expiry dates of April 29, 2022\nand May 7, 2022.\n \n \n \n \n The Company will now apply to the TSX Venture Exchange\nfor final acceptance to close the Incentive Program and issue the\nsecurities.\n \n \n \n \n About Belmont Resources\n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n Belmont Resources is engaged in the business of\nacquiring and re-developing past producing copper-gold-silver mines in\nsouthern British Columbia and Northern Washington State. This region\nis considered to have the highest concentration of mineralization and\npast producing mines in western North America. By utilizing new\nexploration technology, geological modelling and specialized 3D data\nanalysis, the company is successfully identifying new areas of\nmineralization beneath and/or in the near vicinity of the past\nproducing mines.\n \n \n \n \n The Belmont project portfolio:\n ...