Commodities & Resources PTE Ltd. Expands Holdings in Belmont Resources
Commodities & Resources PTE Ltd. Acquires Shares
Commodities & Resources PTE Ltd. (the "Acquiror"), a private investment firm based in Singapore, has made a notable move by acquiring shares of Belmont Resources Inc. This acquisition occurred during a recent private placement, signaling the Acquiror's continued confidence in the growth potential of Belmont Resources.
Details of the Acquisition
On April 8, 2025, the Acquiror successfully procured Common Shares of Belmont Resources Inc. The private placement enabled the Acquiror to purchase a total of 4,000,000 shares at a price of $0.045 per share, accumulating proceeds of $180,000.
Prior Holding Status
Before this acquisition, the Acquiror already held 14,000,000 Common Shares in Belmont, which represented about 13.7% of the total outstanding shares. This previous stake undoubtedly provided the Acquiror with insight into the company's operations and opportunities.
Increased Ownership Percentage
With the recent purchase of additional shares, the Acquiror's total ownership rose to 18,000,000 Common Shares. This increase elevates their stake in Belmont Resources to approximately 16.95% of the company's total issued and outstanding shares, positioning them as a significant stakeholder.
Investment Objectives
The Acquiror's decision to purchase these shares primarily aligns with their business and investment strategies. They may look to either enhance or reduce their control over Belmont's securities based on varying market conditions and forthcoming business opportunities.
Future Considerations
While the Acquiror has expanded its holdings, they remain open to adjusting their stake according to market dynamics and investment prospects. This adaptability suggests a strategic approach to investment in the continually changing landscape of resource management.
Regulatory Compliance
In compliance with applicable regulations, the Acquiror has filed an Early Warning Report. This report provides details of the acquisition transaction, ensuring transparency and adherence to the guidelines set forth by regulatory authorities.
Contact Information
For further information regarding this acquisition or related inquiries, you can reach Commodities & Resources PTE Ltd. at the following address:
16 Raffles Quay
#32-03 Hong Leong Bldg
Singapore 048581, Singapore
Contact: Mohammed Ajmal
Email: finance@commres.sg
Frequently Asked Questions
What is the significance of this acquisition by Commodities & Resources PTE Ltd.?
This acquisition marks a strategic investment in Belmont Resources, indicating confidence in its potential for growth.
How many shares did the Acquiror acquire in the placement?
The Acquiror acquired 4,000,000 Common Shares in the private placement.
What does this acquisition mean for the Acquiror's ownership stake?
Post-acquisition, the Acquiror's ownership stake in Belmont Resources increased to approximately 16.95%.
Are there any regulatory filings associated with this acquisition?
Yes, the Acquiror has filed an Early Warning Report to ensure compliance with regulatory requirements.
How can interested parties learn more about Commodities & Resources PTE Ltd.?
For more details, interested parties can contact Commodities & Resources at their Singapore office.
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