Business
Leading German Energy and Commodities Trading Group Acquires Majority Control of Belmont Resources
(TheNewswire) Transaction Establishes New Strategic Alignment with European Commodities L...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Leading German Energy and Commodities Trading Group Acquires Majority Control of Belmont Resources\n(TheNewswire)\n\n\n\nTransaction\nEstablishes New Strategic Alignment with European Commodities\nLeader\n\n\nVancouver, B.C. - TheNewswire -\nMay 19, 2026 – Belmont Resources Inc. (TSX-V:\nBEA; FSE: L3L2) (“Belmont” or the “Company”) announces that it\nhas been notified that HMS Bergbau AG (“HMS”), a leading European energy\nand commodities trading group with global operations spanning coal,\nminerals, logistics, and strategic resource supply, has acquired a total of 43,300,000 Common Shares of the\nCompany from three existing shareholders, pursuant to private\nagreements, for total aggregate consideration of $1,737,940.\n\n\nSpecifically, HMS acquired: 18,000,000 Common Shares\nfrom ERAG Energie & Rohstoff AG PCC (“ERAG”) at a price of\n$0.0333 per share; 7,300,000 Common Shares from LaVo\nVerwaltungsgesellschaft MBH (“LaVo”) at a price of $0.045 per\nshare; and 18,000,000 Common Shares from Commodities and Resources\nPte. Ltd. (“C&R”) at a price of $0.045 per share. ERAG and\nLaVo are joint actors in relation to HMS.\n\n\nImmediately prior to the closing of these transactions,\nHMS held 24,200,000 Common Shares, while ERAG held 18,000,000 Common\nShares and LaVo held 7,300,000 Common Shares, for combined holdings of\n49,500,000 Common Shares, representing approximately 37.1% of the\nCompany’s issued and outstanding Common Shares. C&R separately\nheld 18,000,000 Common Shares, representing approximately 13.6% of the\nCompany’s issued and outstanding Common Shares.\n\n\nAs a result of the completion of these transactions,\nHMS now holds 67,500,000 Common Shares of the Company, representing\napproximately 50.9% of the Company’s issued and outstanding Common\nShares. Following the transactions, none of ERAG, LaVo or C&R\nholds any Common Shares of the Company.\n\n\nThe Company has been advised that HMS acquired the\nCommon Shares for business and investment purposes. HMS may, depending\non market and other conditions, increase or decrease its beneficial\nownership of or control or direction over the Company’s securities,\nwhether in the open market, by privately negotiated agreements or\notherwise.\n...