Belmont Resources announces that it has arranged and will be applying to the TSX Venture Exchange to close a private placement of $537,950 through the issuance of 7,685,000 Units at $0.07. Each Unit will consist of one common share of the Company and one warrant exerciseable at $0.10 in the first year and $0.15 in the second year. The Warrants will be subject to an accelerated expiry date, which comes into effect at such
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