UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
BELMONT RESOURCES INC.
(Translation of Registrant's Name Into English)
SEC File Number: 000-29616
#1180 - 666 Burrard Street, Vancouver, B.C. Canada V6C 2X8
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
---- ----
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes X No
--- ---
[If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-686.
FORM 27
SECURITIES ACT
MATERIAL CHANGE REPORT UNDER SECTION 67(1) OF THE ACT
ITEM 1.REPORTING ISSUER
Belmont Resources Inc. (the "Company")
1180 - 666 Burrard Street
Vancouver, BC
V6C 2X8
ITEM 2.DATE OF MATERIAL CHANGE
December 16, 1999
ITEM 3.PRESS RELEASE
Issued December 16, 1999 and distributed through the facilities of Vancouver
Stockwatch and filed with the Canadian Venture Exchange and B.C. Securities
Commission.
ITEM 4.SUMMARY OF MATERIAL CHANGE
Belmont Resources Inc. (CDNX-BEO, OTC-BB-BEOVF) reports that it has entered into
an Initial Agreement with McCallan Oil & Gas GesmbH of Austria ("McCallan"), a
wholly owned subsidiary of Sierra International Group, Inc. to acquire a 25%
interest in EnviGeo.
ITEM 5.FULL DESCRIPTION OF MATERIAL CHANGE
Belmont Resources Inc. (CDNX-BEO, OTC-BB-BEOVF) reports that it has entered into
an Initial Agreement with McCallan Oil & Gas GesmbH of Austria ("McCallan"), a
wholly owned subsidiary of Sierra International Group, Inc.
Sierra recently acquired 100% of McCallan, an Austrian oil and gas concern with
its headquarters in London, UK.
Sierra/McCallan grants Belmont an option to acquire a 25% interest in EnviGeo
Trade s.r.o. (a private Slovakian Company, owned 90% by McCallan). EnviGeo owns
a 2478.9 square km oil and gas exploration license known as the Prieskumne
Uzemie Medzilaborce ("PUM") located in northeastern Slovakia. A 'Geological
Overview and Petroleum Prospect Evaluation' of the concession area has recently
been completed by Geomega Ltd. of Hungary (Dr. Ferenc Horvath, Project
Coordinator and Associates). Based on the available geological data from
Slovakia and some relevant information from the neighbouring Polish Carpathians,
Geomega concluded that very good hydrocarbon prospects exist in the concession
block.
The terms of the agreement are: (a) the payment by Belmont to EnviGeo (on behalf
of Sierra/McCallan) of Cdn $100,000 which shall be a refundable deposit, and (b)
the payment by Belmont to Sierra/McCallan of an additional CDN $400,000 within
90 days, subject to Belmont completing a due diligence assessment of PUM.
Further terms will be detailed in a definitive agreement and released upon
completion.
Belmont is an International Resource Company that controls a gold/antimony
property and has a working interest with EuroGas, Inc. on another oil/gas
concession in the Slovak Republic. Belmont is also currently reviewing an oil
prospect in Texas and a platinum property in British Columbia.
For a discussion of the contingencies and uncertainties to which information
respecting future events is subject, see Belmont's 1999 annual report on Form
20F and other SEC reports.
ITEM 6.RELIANCE ON SECTION 67(2) OF THE ACT
This report is not being filed on a confidential basis.
ITEM 7.OMITTED INFORMATION
There are no significant facts required to be disclosed herein which have been
omitted.
ITEM 8.DIRECTOR/SENIOR OFFICER
Contact:Gary Musil, Secretary
Telephone:(604) 683-6648
ITEM 9.STATEMENT OF SENIOR OFFICER/DIRECTOR
The foregoing accurately discloses the material change referred to herein.
"GARY MUSIL"
Gary Musil, Secretary
DATED this 16th day of December, 1999.
<PAGE>
BELMONT RESOURCES INC.
#1180 - 666 Burrard Street
Vancouver, B.C. V6C 2X8
Ph: (604) 683-6648
Fax: (604) 683-1350
E-Mail: [email protected]
Website: www.Belmont-Resources.com
December 16, 1999
CDNX - "BEO"
OTC-BB-BEOVF
"NEWS RELEASE"
Belmont Resources Inc. (CDNX-BEO, OTC-BB-BEOVF) reports that it has entered into
an Initial Agreement with McCallan Oil & Gas GesmbH of Austria ("McCallan"), a
wholly owned subsidiary of Sierra International Group, Inc.
Sierra recently acquired 100% of McCallan, an Austrian oil and gas concern with
its headquarters in London, UK.
Sierra/McCallan grants Belmont an option to acquire a 25% interest in EnviGeo
Trade s.r.o. (a private Slovakian Company, owned 90% by McCallan). EnviGeo owns
a 2478.9 square km oil and gas exploration license known as the Prieskumne
Uzemie Medzilaborce ("PUM") located in northeastern Slovakia. A 'Geological
Overview and Petroleum Prospect Evaluation' of the concession area has recently
been completed by Geomega Ltd. of Hungary (Dr. Ferenc Horvath, Project
Coordinator and Associates). Based on the available geological data from
Slovakia and some relevant information from the neighbouring Polish Carpathians,
Geomega concluded that very good hydrocarbon prospects exist in the concession
block.
The terms of the agreement are: (a) the payment by Belmont to EnviGeo (on behalf
of Sierra/McCallan) of Cdn $100,000 which shall be a refundable deposit, and (b)
the payment by Belmont to Sierra/McCallan of an additional CDN $400,000 within
90 days, subject to Belmont completing a due diligence assessment of PUM.
Further terms will be detailed in a definitive agreement and released upon
completion.
Belmont is an International Resource Company that controls a gold/antimony
property and has a working interest with EuroGas, Inc. on another oil/gas
concession in the Slovak Republic. Belmont is also currently reviewing an oil
prospect in Texas and a platinum property in British Columbia.
For a discussion of the contingencies and uncertainties to which information
respecting future events is subject, see Belmont's 1999 annual report on Form
20F and other SEC reports.
ON BEHALF OF THE BOARD
"GARY MUSIL"
Gary Musil,
Secretary/Director
THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
