Vancouver, British Columbia (FSCwire) - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1;   DTC Eligible – CUSIP 080499403); (“Belmont”, or the “Company) is pleased to announce that it has been assigned the Legal Entity Identifier (“LEI”) number 5299000ACW29EX6WVS11.  Belmont Resources Inc.  meets the requirements for all companies listed on German Stock Exchanges (ie. Frankfurt Stock Exchange) to have an LEI number by January 3, 2018.

 

About the Legal Entity Identifier (LEI)

 

The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code.  It is an internationally standardized and globally valid identifier for financial market participants.  Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies, banks, and investment funds).  It is used to comply with a variety of financial reporting requirements.  The Deutsche Börse Group has stated that “the LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets, (but) it can also be utilized by counterparties internally for risk management purposes.”  The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.

 

According to the website of the Deutsche Börse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices.  (See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier)

 

About Belmont Resources Inc.

Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada, U.S.A.

 

For further information see our Website at:  www.BelmontResources.com

                -Facebook https://www.facebook.com/Nevadalithium/

                -Twitter https://twitter.com/Belmont_Res

 

On March 30, 2016; the Company acquired sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in Esmeralda County, Nevada, U.S.A.  The Kibby Basin property is located 65 km north of Clayton Valley, Nevada-U.S.A.  The Company believes the property to be highly prospective to host lithium.  Subsequent ground geophysics & gravity surveys, surface sampling and a two hole- 2046 ft. diamond drill program have confirmed the presence of lithium on Kibby.

 

On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims totaling approx. 1724 hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position (the “Property”) to 2,760 hectares (6,820 acres).

 

In 50/50 ownership  with International Montoro Resources Inc., Belmont  has acquired and is exploring joint venture opportunities for its  two significant uranium properties (Crackingstone -982 ha & Orbit Lake – 11,109 ha) in the Uranium City District in Northern Saskatchewan, Canada.

 

 ON BEHALF OF THE BOARD OF DIRECTORS

“Gary Musil”

Gary Musil, CFO/Director

 

BELMONT RESOURCES INC.

#600 – 625 Howe Street,

Vancouver, B.C. V6C 2T6

Ph: (604) 683-6648

Fax: (604) 683-1350

E-Mail: gmusil@belmontresources.com

 

 

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control.  Forward looking statements in this news release include statements about the possible raising of capital and exploration of our properties.   Actual events or results could differ materially from the Companies forward-looking statements and expectations.  These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2017; and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. 

 

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/BelmontJan92018.pdf

Source: Belmont Resources Inc. (TSX Venture:BEA, FWB:L3L1)

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