ERAG Energie & Rohstoff AG Announces Acquisition of Shares of Belmont Resources Inc.

Toronto Star

22-07-2025

VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — ERAG Energie & Rohstoff AG PCC (the 'Acquiror), a private investment a private investment holding company incorporated in Liechtenstein, announces that on July 17, 2025, the Acquiror, along with two joint actors HMS Bergbau AG ('HMS') and LaVo Verwaltungsgesellschaft MBH ('LaVo'), acquired Common Shares of Belmont Resources Inc. (TSX-V: BEA) (the 'Issuer'). The Issuer completed a private placement of Common Shares, issuing a total of 26,300,00 shares at a price of $0.045 per share for proceeds of $1,183,500 (the 'Private Placement'). Under the Private Placement, the Acquiror purchased 4,000,000 Common Shares, HMS purchased 15,000,000 Common Shares and LaVo purchased 7,300,000 Common Shares.
The Private Placement was the second tranche of a larger private placement in which the Issuer issued a total of 30,300,000 Common Shares.