Commodities & Resources PTE Ltd. Announces Sale of Common Shares to HMS Bergbau AG
Commodities & Resources PTE Ltd. (C&R), a private investment company based in Singapore, recently announced the sale of 18,000,000 Common Shares of Belmont Resources Inc. to HMS Bergbau AG. The transaction was completed at a purchase price of $0.045 per share, totaling $810,000 in purchase proceeds. Prior to the sale, C&R held approximately 13.6% of the Issuer's issued and outstanding Common Shares.
Following the completion of the sale, C&R no longer retains any Common Shares of the Issuer. The disposal of the shares was made for business and investment purposes, with the possibility of C&R adjusting its ownership of the Issuer's securities based on market conditions and available investment opportunities.
C&R will be submitting an Early Warning Report in accordance with National Instrument 62-103F1 to describe the transaction to the relevant securities regulatory authorities. For further information on the early warning report filed by the Acquiror, individuals can contact Mohammed Ajmal at +65 6222 7 445 or refer to the Company's SEDAR+ profile.
In conclusion, Commodities & Resources PTE Ltd. has successfully completed the sale of its Common Shares of Belmont Resources Inc. to HMS Bergbau AG, marking a strategic move in its investment portfolio. The company remains open to adjusting its ownership of securities based on market conditions and investment opportunities.