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Belmont Resources Inc. is an emerging resources company engaged in the acquisition, exploration and development of mineral properties; in Canada and United States.

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Message: BELMONT RESOURCES INC. ("BEA")BULLETIN TYPE: Private Placement-Non-Broker... DATE: March 16, 2017 TSX Venture Tier 2 Company
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BELMONT RESOURCES INC. ("BEA")BULLETIN TYPE: Private Placement-Non-Broker... DATE: March 16, 2017 TSX Venture Tier 2 Company

posted on Mar 16, 2017 05:25PM
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TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 6, 2017:

    Number of Shares:       2,000,000 shares


    Purchase Price:                                     $0.05 per share


    Warrants:                2,000,000 share purchase warrants to
                             purchase 2,000,000 shares


    Warrant Exercise Price:                 $0.08 for a one year period


                                               $0.10 in the second year


    Number of Placees:      7 Placees

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated March 15, 2017 announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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