TORONTO – (NEWSFILE) – January 9, 2024 – BELGRAVIA HARTFORD CAPITAL INC.
(CSE:BLGV) (“Belgravia Hartford”, “Belgravia” or the “Company”) is providing a
corporate update on the following matters:
Zonetail – (Zone:TSX.V)
After analyzing the various attempts by Zonetial to raise capital for the last 18 months Belgravia came to the realization that the outstanding debt of $325,000 with the 18% interest which Belgravia provided to Zonetial cannot be paid back.
Belgravia provided a full summary of the investments and events on December 21st, 2022. On September 20th, 2023, at the request of Belgravia, the management of both companies met to amicably discuss a resolution and path going forward. In 2018 after a series of equity investments, Belgravia provided Zonetail with a timely loan of $325,000 in good faith at the frequent request of Zonetail’s management.
Belgravia at the request of Zonetial extended the debt out one full year in order to ensure the public listing of Zonetail remained on schedule which benefited all
shareholders and stakeholders. After a series of equity investments in 2018
Belgravia had committed $876,600 and lost the majority of its holding value due to the performance of Zonetail while listed on the TSX-V. In addition, Belgravia made
available numerous professional staff to provide timely corporate governance,
administrative assistance and further guidance to ensure the public listing of
Zonetial remains on schedule. Belgravia has agreed to write off the loan and drop litigation vs Zonetail. In return the claim against Belgravia will also be dropped.
Tartisan Nickel - (TN:CSE)
Belgravia will no longer seek to nominate a director to the board of Tartisan and will
not seek to collect any amounts in connection to the management service agreement. Belgravia’s claim against Tartisan and D. Mark Appleby and Tartisan’s
counterclaim have been dismissed.
Mehdi Azodi CEO of Belgravia stated “ We wish only the best for the shareholders of Zonetail and Tartisan and their respected management teams in executing their
business strategy for prosperous and successful years ahead”.
Litigation vs PolyNatura:
Belgravia will now fully direct its efforts and working capital on monetizing the $12,200,000 USD royalty from the Ochoa asset. Belgravia announced in December it
would provide an update on the litigation matter against PolyNatura a company
controlled by Cartesian Capital and it will in due course. In addition to Mr. Spencer Edelman at the law firm of Modrall, Sperling to manage this claim, Belgravia has also retained FTI Consulting.

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