Belmont Holdings Group Limited

March 27, 2007 15:39 ET

Belmont Holdings Group Limited: Press Release

HONG KONG, CHINA--(CCNMatthews - March 27, 2007) - Mr. Felipe Tan and his investment company, Good Omen Investments Ltd., have announced today that they have purchased from Far Southern Resources Ltd., Sinochamp Ltd., Sunlit Resources Ltd. (the "Vendors") on March 27, 2007 a total of 5,306 common shares (the "Common Shares") in the share capital of Belmont Holdings Group Limited ("Belmont"). In addition, Mr. Tan has subscribed to an additional 700 Common Shares from Belmont's treasury.

The Vendors' Common Shares were purchased by way of private agreements at a purchase price of $3,500 per Common Share. The Common Shares acquired from Belmont's treasury were issued at a subscription price of $589 per Common Share.

As a result of the acquisition of these Common Shares, Good Omen Investments Ltd. has increased its shareholdings in Belmont from 2,804 Common Shares, or 28.04% of Belmont's issued and outstanding Common Shares, to 6,495 Common Shares or 60.70% of Belmont's issued and outstanding Common Shares. Moreover, Mr. Felipe Tan has directly acquired for the first time 2,315 Common Shares, representing 21.64% of Belmont's issued and outstanding Common Shares.

Mr. Felipe Tan and Good Omen Investments Ltd. may from time to time acquire additional Common Shares or may continue to hold its positions.

As at March 16, 2007, Belmont owned 30,307,500 common shares (the "GobiMin Shares") in the share capital of GobiMin Inc., representing approximately 43.74% of the issued and outstanding GobiMin Shares.

The GobiMin Shares trade on the TSX Venture Exchange under the ticker symbol "GMN". There are currently 69,297,902 GobiMin Shares issued and outstanding.

Contact Information

  • Good Omen Investments Ltd.
    Mr. Felipe Tan
    Director
    (852) 2520 2595
    Email: felipe@gobimin.com