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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: Property-Asset or Share Purchase AgreementBULLETIN DATE: April 5, 2019TSX Venture Tier 2 Company

BELMONT RESOURCES INC. ("BEA")BULLETIN TYPE: Property-Asset or Share Purchase AgreementBULLETIN DATE: April 5, 2019TSX Venture Tier 2 Company

posted on Apr 05, 2019 10:47PM

9/04/05 - TSX Venture Exchange Bulletins

TSX VENTURE COMPANIES

 

TSX Venture Exchange has accepted for filing documentation in connection with a Mineral Property Acquisition Agreement dated March 27, 2019 between David Heymann and Clive Brookes (the "Vendors") and the Company whereby the Company has acquired mineral claims that are part of the former Pathfinder property located in Greenwood mining division in British Columbia. Consideration (50% to each of the Vendors) is as follows:

Year 1: $25,000 on signing and 1,250,000 common shares and 1,250,000 share purchase warrants that are exercisable into common shares at $0.10 per share for a two year period upon Exchange approval.

Year 2: 250,000 common shares and 250,000 share purchase warrants that are exercisable into common shares at $0.10 per share within one year anniversary of Exchange approval.

The property is subject to a 1.5% NSR of which the Company may acquire one-half for $1,000,000 upon commencement of commercial production subject to further Exchange review and acceptance

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