Belmont Resources today announced that its board of directors (the “Board”) have approved the adoption of an advance notice policy and adopted amendments to the Company’s Articles, which include introducing an advance notice requirement in connection with shareholders intending to nominate directors in certain circumstances.
The Company has made its final $50,000 cash payment and issued 25,000 common shares to the vendor for the Lumby/Bufo property. The Company also paid a finder’s fee of $4,048 and 2,037 common shares. The shares are subject to a trading hold period until June 23, 2013. The property totals 23 contiguous mineral claims comprising 3,040 hectares, and [...]
Further to our news release dated February 12, 2013 and very encouraging results of the Induced Polarization geophysical survey completed on the Berthiaume property, and following recommendations of the consulting engineer, the Company has arranged the staking of two additional claims (approx. 112 ha) on the West Block and directly north of the [...]
Belmont Resources is pleased to report very encouraging results of the Induced Polarization geophysical survey conducted on the Berthiaume property. As recommended in the NI 43-101 report, Geosig Inc. of Quebec completed approx. 44.4 km. of IP surveying with a dipole-dipole electrode configuration on the three areas line cut to establish the [...]
