(TheNewswire)
Vancouver, B.C. Canada – TheNewswire - September 2, 2022 - Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSXV: BEA ) ; ( FSE: L3L1 )
Annual General MeetingResults;
Belmont Resources Inc.(TSXV:BEA) is pleased to announce that thenominees listed in the management Information Circular for the 2022Annual General Meeting of Shareholders (the “ AGM”) held onAugust 31, 2022 were elected as directors of the Company. Theshareholders re-elected George Sookochoff, Gary Musil, James H. Place,and Geoffrey Peretz for the upcoming year.
Laurence (Larry) Sookochoff did not stand forre-election. The Company would like to thank Larry for his input andassistance over the past couple of years.
The scrutineer reported that there was a total of 16shareholders holding 3,050,612 common shares represented in person orby proxy at the meeting. This represented 4.78% of the total63,758,273 issued and outstanding at record date. Detailed resultsof the vote for the election of directors are set out below:
Nominee VotesFor %For Votes Withheld %Withheld
George Sookochoff 3,026,604 99.21% 24,008 0.79%
Gary Musil 3,024,292 99.14% 26,320 0.86%
James H. Place 3,026,292 99.20% 24,320 0.80%
Geoffrey D.G. Peretz 2,016,626 66.11% 1,033,986 33.89%
Other resolutions submitted by management toshareholders for consideration were approved as presented, includingthe approval of the Company’s Stock Option Plan as summarized in theInformation Circular (98.27% For; 1.73% Against. Approval of there-appointment of Dale Matheson Carr-Hilton Labonte LLP, CharteredProfessional Accountants, as auditors for the ensuing year, andauthorized the Directors to fix their remuneration (100.0%For).
At the Directors Meeting following the AGM; thedirectors appointed George Sookochoff as President/Chief ExecutiveOfficer & Chairman, and Gary Musil as Corporate Secretary/ChiefFinancial Officer. The Audit Committee appointees are: Gary Musil,James H. Place, and Geoffrey D.G. Peretz.
The Board of Directors would like tothank the Company’s shareholders for their continued supportthroughout the past year, and are looking forward to continuedexploration in our Greenwood, B.C./Republic, WA Gold Camp, as well asour Kibby Basin, Nevada properties.
Check out our updated website at www.BelmontResources.com and watch for upcoming news.
Stock Options:
The Company also announces that it has granted 500,000incentive stock options to consultants in accordance with theCompany's current stock option plan. Each option is exercisable intoone common share of the Company at a price of $0.10 per share for aperiod of three years from the date of grant.
About Belmont Resources
Belmont Resources has assembled a portfolio of highlyprospective copper-gold-lithium & uranium projects located inBritish Columbia, Saskatchewan, Washington and Nevada States. Itsholdings include the Come By Chance (CBC), Athelstan-Jackpot (AJ) andPathfinder properties situated in the prolific Greenwood mining campin southern British Columbia. The Crackingstone Uranium project in theuranium rich Athabasca Basin of northern Saskatchewan. The Lone Starcopper-gold mine in the mineral rich Republic mining camp of northcentral Washington State and the Kibby BasinLithium project located 60 kilometers north of the lithium richClayton Valley Basin.
ON BEHALF OF THE BOARD OF DIRECTORS
“GeorgeSookochoff”
George Sookochoff, CEO/President
Ph: 604-505-4061
Email: george@belmontresources.com
Website: www.BelmontResources.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.
This Press Release may contain forward-lookingstatements that may involve a number of risks and uncertainties, basedon assumptions and judgments of management regarding future events orresults that may prove to be inaccurate as a result of exploration andother risk factors beyond its control. Forward looking statements inthis news release include statements about the possible raising ofcapital and exploration of our properties. Actual events or resultscould differ materially from the Companies forward-looking statementsand expectations. Theserisks and uncertainties include, among other things, that we may notbe able to obtain regulatory approval; that we may not be able toraise funds required, that conditions to closing may not be fulfilledand we may not be able to organize and carry out an explorationprogram in 2021, and other risks associated with being a mineralexploration and development company. Theseforward-looking statements are made as of the date of this newsrelease and, except as required by applicable laws, the Companyassumes no obligation to update these forward-looking statements, orto update the reasons why actual results differed from those projectedin the forward-looking statements.
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