logo
ERAG Energie & Rohstoff AG Announces Acquisition of Shares of Belmont Resources Inc.

ERAG Energie & Rohstoff AG Announces Acquisition of Shares of Belmont Resources Inc.

Toronto Stara day ago
VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — ERAG Energie & Rohstoff AG PCC (the 'Acquiror), a private investment a private investment holding company incorporated in Liechtenstein, announces that on July 17, 2025, the Acquiror, along with two joint actors HMS Bergbau AG ('HMS') and LaVo Verwaltungsgesellschaft MBH ('LaVo'), acquired Common Shares of Belmont Resources Inc. (TSX-V: BEA) (the 'Issuer'). The Issuer completed a private placement of Common Shares, issuing a total of 26,300,00 shares at a price of $0.045 per share for proceeds of $1,183,500 (the 'Private Placement'). Under the Private Placement, the Acquiror purchased 4,000,000 Common Shares, HMS purchased 15,000,000 Common Shares and LaVo purchased 7,300,000 Common Shares.
The Private Placement was the second tranche of a larger private placement in which the Issuer issued a total of 30,300,000 Common Shares.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DMG Blockchain Solutions Announces Exploration of Digital Asset Treasury Strategy
DMG Blockchain Solutions Announces Exploration of Digital Asset Treasury Strategy

Toronto Star

time35 minutes ago

  • Toronto Star

DMG Blockchain Solutions Announces Exploration of Digital Asset Treasury Strategy

VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ('DMG' or the 'Company'), a vertically integrated blockchain and data center technology company, today announces that it has engaged a consultant to assess and help implement institutional-grade treasury management within the regulated custody platform operated by its wholly owned subsidiary, Systemic Trust Company ('STC'). This platform would serve both DMG and STC's clients by offering custody services. DMG is also assessing additional capabilities intended to further enhance treasury value. Digital asset treasuries have recently gained prominence for their ability to generate net asset value (NAV) premiums through active management, in contrast to exchange-traded funds (ETFs), which typically trade in line with the value of their underlying assets. DMG's digital asset portfolio is currently composed solely of bitcoin, although the Company is considering the inclusion of other digital assets. To support the platform, DMG may utilize its existing bitcoin, add its proceeds from Bitcoin mining and/or raise capital to expand its treasury. As of the date of this press release, DMG is ranked #54 among Top Public Bitcoin Treasury Companies on

Diversified Royalty Corp. Announces Filing of Final Short Form Base Shelf Prospectus
Diversified Royalty Corp. Announces Filing of Final Short Form Base Shelf Prospectus

Toronto Star

time3 hours ago

  • Toronto Star

Diversified Royalty Corp. Announces Filing of Final Short Form Base Shelf Prospectus

VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and (the 'Corporation' or 'DIV') announced today that it has filed, and received receipt for, a final short form base shelf prospectus (the 'Prospectus'). The Prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada. DIV's prior short form base shelf prospectus dated June 19, 2023, expired on July 19, 2025. Accordingly, DIV filed the Prospectus to maintain financial flexibility and efficient access to Canadian capital markets to pursue strategic initiatives. A copy of the Prospectus is available under DIV's profile on SEDAR+ at The Prospectus is valid for a 25-month period during which time DIV may, from time to time, issue common shares, warrants, subscription receipts, debt securities, convertible securities or rights or any combination thereof, including in the form of units (collectively, the 'Securities'). The specific terms of any offering of Securities will be described in one or more shelf prospectus supplements which will be filed at the time of the offering of such Securities. There is no certainty any Securities will be offered or sold under the Prospectus within the 25-month effective period.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store