Belmont Resources Inc. (TSXV:BEA) announced a private placement of 4,000,000 units at a price of CAD 0.045 per unit for gross proceeds of CAD 180,000 on January 25, 2019. Each unit will consist of one common share and one transferable share purchase warrant. Each whole warrant is exercisable at CAD 0.05 per share for one year from closing. The company may pay commissions of 8% to eligible parties, payable either in cash and/or in warrants. The company will be apply to the TSX venture exchange approval to the private placement. Securities are subject to a statutory hold period.