(TheNewswire)
Vancouver, B.C. Canada – TheNewswire - October 21, 2021; BelmontResources Inc. (“Belmont”), (or the “Company”),(TSXV:BEA ) ( FSE:L3L2) announces that it has grantedincentive stock options (the “Options”), pursuant to its stockoption plan (the “Plan”), for a total of 1,400,000 common sharesof the Company, to certain directors, officers, employees andconsultants of the Company. The Options, subject to the terms of thePlan and the corresponding option agreements, are exercisable at aprice of CAD $0.10 per share for a period of up to 5 years. The Company's Stock Option Plan allows for the issuanceof up to 10% of issued and outstanding share capital in the form ofincentive stock options.
Belmont Resources is engaged in the business ofacquiring and re-developing past producing copper-gold-silver mines insouthern British Columbia and Northern Washington State. This regionis considered to have the highest concentration of mineralization andpast producing mines in western North America. By utilizing newexploration technology, geological modelling and specialized 3D dataanalysis, the company is successfully identifying new areas ofmineralization beneath and/or in the near vicinity of the pastproducing mines
The Belmont project portfolio:
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- Athelstan-Jackpot , B.C. – *Athelstan & Jackpot Gold-Silver mines
- Come By Chance , B.C. – *Betts Copper-Gold mine
- Lone Star ,Washington – *Lone Star Copper-Gold mine
- Pathfinder ,B.C. – *Bertha & Pathfinder Gold–Silver mines
- Black Bear ,B.C. – Gold
- Pride of the West , B.C.- Gold
- Kibby Basin, Nevada – Lithium
- Crackingstone, Sask. – Uranium
ON BEHALF OF THE BOARD OF DIRECTORS
“GeorgeSookochoff”
George Sookochoff, CEO/President
Ph: 604-505-4061
Email: george@belmontresources.com
Website: www.BelmontResources.com
We seek safe harbor. Neither TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. The TSX Venture Exchange has notapproved nor disapproved of the information containedherein .
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