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Exchange Accepts Filing $420,000 Convertible Loan15.11.2023 | 21:48 Uhr | The Newswire
Vancouver, November 15, 2023 - Belmont Resources Ltd. ("Belmont" or the "Company") (TSX.V:BEA) (FSE:L3L2) is pleased to announce that TSX Venture Exchange has accepted for filing documentation with respect to a $420,000 convertible loan from arms length parties. The convertible debenture bears no interest before April 1, 2024. Interest on arrears of 12.0% per annum will begin to accrue starting April 2, 2024, if the principal amount is not paid in full on April 1, 2024. Interest is payable in cash, anything else will be subject to TSXV approval. The Lenders have the option to have the Debt paid through the issuance of 14,000,000 common shares, at a deemed value of $0.03 per share, subject to the approval of the TSX Venture Exchange. About Belmont Resources Belmont Resources has assembled a portfolio of highly prospective copper, gold, lithium, uranium and rare earths projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include:
ON BEHALF OF THE BOARD OF DIRECTORS "George Sookochoff" George Sookochoff, CEO/President Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2023, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Copyright (c) 2023 TheNewswire - All rights reserved. Dieser Artikel stammt von Rohstoff-Welt.de
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