BELMONT SUBMITS APPLICATION FOR OTC - U.S.A. MARKET LISTING
Vancouver, B.C. Canada, March 15, 2017 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; ("Belmont", or the "Company").
OTC - U.S.A. Market Listing:
The Company has arranged the filing of a 15c-211 application with the Financial Industry Regulatory Authority (FINRA) for a U.S. listing, and its shares to be quoted on the OTC Markets with DTC eligibility.
Gary Musil, CFO commented, "Broadening the scope of access to real-time quotations, financial portals, online brokerages, and to trading platforms through a listing of the Company’s securities on the OTC Marketplace in the USA, coupled with an existing listing in Canada, allows our North American shareholders to deal in our securities in their respective home jurisdictions and currencies and to participate in the success of our Company as we develop our Nevada lithium properties."
In October/November 2016 the Company was also introduced to the European marketplace, attending with Zimtu Capital Corp. and other associated companies on its European roadtrip. Belmont presented to industry experts and financial analysts in Geneva, Zurich, and Frankfurt, as well as showcased the Company for the final two days at the International Precious Metals & Commodities (Edelmetall & Rohstoffmesse) Show in Munich-Germany. The Company trades on the Frankfurt Stock Exchange under the symbol FSE: L3L1; as well as the Boerse Stuttgart Exchange.
President/CEO Vojtech Agyagos commented, "With drilling upcoming on our Kibby Basin-Nevada lithium claims, 2017 promises to be an exciting year."
About Belmont Resources Inc.
On March 30, 2016; the Company acquired sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley, Nevada-U.S.A. The Company believes the property to be highly prospective to host lithium.
On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims totaling approx. 1724 hectares ( 4,260 acres), adjoining the Kibby 16, increasing the total Kibby Basin land position (the "Property") to 2760 hectares (6,820 acres).
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture opportunities for its two significant uranium properties (Crackingstone -982 ha & Orbit Lake - 11,109 ha) in the Uranium City District in Northern Saskatchewan, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
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. Forward looking statements in this news release include statements about the possible raising of capital and exploration of our properties. 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 2016; 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.
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.