BELGRAVIA HARTFORD Provides Corporate Update

Rhea-AI Summary

Belgravia Hartford Capital Inc. (CSE: BLGV) provides a corporate update on key holdings, debt conversion, lawsuits, and board changes. The company continues to hold 330,000 shares of Hercules Silver Corp and will convert $180,000 of the $735,820 debt outstanding from Nexus Gold Corp. There is an ongoing claim against Cartesian Capital Group's affiliate PolyNatura Corp., and board member Ms. Deena Siblock will step down as COO.

Toronto, Ontario--(Newsfile Corp. - November 29, 2023) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) ("Belgravia Hartford", "Belgravia" or the "Company") is providing a corporate update on the following matters.

Key Holdings:

Hercules Silver Corp- (TSXV: BIG) Belgravia continues to hold 330,000 shares of Hercules Silver Corp.

Nexus Gold Corp- (TSXV: NXS) Belgravia will convert $180,000 of the $735,820 debt outstanding from Nexus. The amended debt conversion to equity has been submitted to the TSX-V for approval.

Lawsuits:

Belgravia will provide a comprehensive update on the status of the claim against Cartesian Capital Group's affiliate PolyNatura Corp., as announced on September 25, 2021. Mr. Spencer Edelman of the law firm Modrall & Sperling based in Albuquerque, New Mexico is managing this claim.

Additionally, Belgravia will provide an update on the outstanding matters regarding Tartisan Nickel Corp. and Zonetail Inc. prior to the end of the year.

Board Changes:

Ms. Deena Siblock will step down as COO and Board member of the company as of November 29, 2023. Ms. Siblock has played an instrumental role in all areas of the company and has implemented various corporate governance mandates. On behalf of the Board of Directors, we thank Deena for her great contributions and wish her incredible success in her future endeavours. The company expects to appoint a replacement COO following an executive search being conducted by the Board of Directors.

About Belgravia Hartford

Belgravia Hartford Capital Inc. ("Belgravia" or the "Company") is a publicly traded investment holding company listed on the Canadian Securities Exchange. Belgravia is focused on growing its assets and holdings and increasing its net asset value (NAV). Belgravia invests in a portfolio of private and public companies located in jurisdictions governed by the rule of law. It takes a multi-sector investment approach with emphasis in the resources and commodities sector. Belgravia and its investments are considered high risk holdings and it may expose shareholders to significant volatility and losses.

For more information, please visit www.belgraviahartford.com

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking statements include, without limitation, statements regarding planned investment activities & related returns, the timing for completion of research and development activities, the potential value of royalties, and other statements that are not historical facts. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, changes in market trends, the completion, results and timing of research undertaken by the Company, risks associated with resource assets, the impact of general economic conditions, commodity prices, industry conditions, dependence upon regulatory, environmental, and governmental approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

For More Information, Please Contact:

Mehdi Azodi, President & CEO
Belgravia Hartford Capital Inc.
(250) 763-5533
mazodi@blgv.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189160

FAQ

What is the ticker symbol for Belgravia Hartford Capital Inc. and what is the corporate update about?

The ticker symbol for Belgravia Hartford Capital Inc. is CSE: BLGV. The corporate update includes information on key holdings, debt conversion, lawsuits, and board changes.

How many shares does Belgravia Hartford Capital Inc. hold of Hercules Silver Corp?

Belgravia continues to hold 330,000 shares of Hercules Silver Corp.

What is the debt conversion plan for Nexus Gold Corp?

Belgravia will convert $180,000 of the $735,820 debt outstanding from Nexus Gold Corp.

Who is managing the claim against Cartesian Capital Group's affiliate PolyNatura Corp.?

Mr. Spencer Edelman of the law firm Modrall & Sperling based in Albuquerque, New Mexico is managing the claim.

Who is stepping down as COO and Board member of Belgravia Hartford Capital Inc.?

Ms. Deena Siblock will step down as COO and Board member of the company as of November 29, 2023.