Belmont Resources Sees Share Acquisition through Convertible Loan
Deal News | Jul 03, 2025 | Globenewswire
Commodities & Resources PTE Ltd., a private investment company based in Singapore, announced a significant transaction with Belmont Resources Inc., a Vancouver-headquartered entity listed on the TSX-V. The pact involved a Convertible Loan Agreement dated October 19, 2023, valued at CAD $210,000, devoid of interest obligations and with a stipulated repayment deadline on April 1, 2024, thereafter accruing an interest rate of 12% per annum on any outstanding amount. This agreement afforded Commodities & Resources the option to exchange the loan for common shares valued at $0.03 each. The company's holdings increased from an initial 8.89% to a potential 16.3% of Belmont Resources' total shares, reaffirming its strategy by converting the loan into 7,000,000 new shares as of January 18, 2024. Eventually, Commodities & Resources secured a 15.11% stake for investment purposes, illustrating flexibility to adjust this position contingent on market scenarios. Details of this transaction are available in an Early Warning Report filed with relevant securities entities, signaling compliance with investment regulations.
Sectors
- Investment and Private Equity
- Mining and Resources
Geography
- Canada – Belmont Resources Inc., the target company, is based in Vancouver, British Columbia, Canada, thus making Canadian geographical context relevant.
- Singapore – Commodities & Resources PTE Ltd., the acquiring company, is headquartered in Singapore, indicating involvement of Singaporean jurisdiction in the investment.
Industry
- Investment and Private Equity – The article focuses on an investment transaction involving the acquisition of shares by Commodities & Resources PTE Ltd., a private investment firm, thereby falling squarely within the investment and private equity industry.
- Mining and Resources – Belmont Resources Inc. is presumably engaged in the resources sector given its involvement in share transactions characteristic of entities operating within the mining and resources industry.
Financials
- CAD $210,000 – The principal amount of the Convertible Loan Agreement between Commodities & Resources PTE Ltd. and Belmont Resources Inc.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Commodities & Resources PTE Ltd. | Acquiring Company / Investor | Company | A private investment company based in Singapore involved in acquiring shares of Belmont Resources Inc. |
| Belmont Resources Inc. | Target Company | Company | A company listed on the TSX-Venture Exchange engaged in resources, targeted through a Convertible Loan Agreement. |
| Mohammed Ajmal | Contact Person | Person | Contact for Commodities & Resources PTE Ltd. regarding the Early Warning Report. |