Brookmount Exploration Announces Potential Acquisition of Principal Solar, Inc
Brookmount Explorations (BMXI) has signed a Memorandum of Understanding (MoU) to acquire a controlling interest in Principal Solar (PSSW). The transaction involves transferring Brookmount's North American gold properties in the Tintina Gold Belt to Principal Solar, which will be renamed "North American Gold". Following the deal, Brookmount shareholders will retain 80% ownership while Principal Solar shareholders will hold 20% of the consolidated group.
Brookmount plans to distribute its Principal Solar shares to its shareholders as a special dividend. The restructuring aims to create an independent investment platform for North American assets, with Principal Solar pursuing an underwritten public offering and simultaneous listing. Meanwhile, Brookmount will maintain its Indonesian gold mining operations, which provide increasing cash flow for Asian asset development.
Brookmount Explorations (BMXI) ha firmato un Memorandum d'Intesa (MoU) per acquisire una partecipazione di controllo in Principal Solar (PSSW). L'operazione prevede il trasferimento delle proprietà aurifere nordamericane di Brookmount nella Tintina Gold Belt a Principal Solar, che sarà rinominata "North American Gold". Dopo l'accordo, gli azionisti di Brookmount manterranno l'80% della proprietà, mentre gli azionisti di Principal Solar deterranno il 20% del gruppo consolidato.
Brookmount intende distribuire le azioni di Principal Solar ai propri azionisti come dividendo straordinario. La ristrutturazione mira a creare una piattaforma di investimento indipendente per gli asset nordamericani, con Principal Solar che procederà a un'offerta pubblica sottoscritta e a una quotazione simultanea. Nel frattempo, Brookmount continuerà a gestire le sue operazioni minerarie aurifere in Indonesia, che garantiscono flussi di cassa in crescita per lo sviluppo degli asset asiatici.
Brookmount Explorations (BMXI) ha firmado un Memorando de Entendimiento (MoU) para adquirir una participación mayoritaria en Principal Solar (PSSW). La transacción implica transferir las propiedades auríferas de Brookmount en América del Norte, ubicadas en el Tintina Gold Belt, a Principal Solar, que será renombrada como "North American Gold". Tras el acuerdo, los accionistas de Brookmount conservarán el 80% de la propiedad, mientras que los accionistas de Principal Solar poseerán el 20% del grupo consolidado.
Brookmount planea distribuir las acciones de Principal Solar a sus accionistas como un dividendo especial. La reestructuración busca crear una plataforma de inversión independiente para los activos norteamericanos, con Principal Solar realizando una oferta pública suscrita y una cotización simultánea. Mientras tanto, Brookmount mantendrá sus operaciones mineras de oro en Indonesia, que generan un flujo de caja creciente para el desarrollo de activos en Asia.
Brookmount Explorations (BMXI)는 Principal Solar (PSSW)의 지배 지분을 인수하기 위한 양해각서(MoU)를 체결했습니다. 이 거래는 Brookmount의 북미 금광 자산을 Tintina Gold Belt에서 Principal Solar로 이전하는 것을 포함하며, Principal Solar는 "North American Gold"로 사명을 변경할 예정입니다. 거래 후 Brookmount 주주들은 80%의 소유권을 유지하고 Principal Solar 주주들은 통합 그룹의 20%를 보유하게 됩니다.
Brookmount는 Principal Solar 주식을 특별 배당으로 주주들에게 분배할 계획입니다. 이번 구조조정은 북미 자산을 위한 독립적인 투자 플랫폼을 구축하는 것을 목표로 하며, Principal Solar는 인수 공모와 동시 상장을 추진할 예정입니다. 한편, Brookmount는 인도네시아 금광 사업을 계속 운영하여 아시아 자산 개발을 위한 현금 흐름을 증가시킬 것입니다.
Brookmount Explorations (BMXI) a signé un protocole d'accord (MoU) pour acquérir une participation majoritaire dans Principal Solar (PSSW). La transaction consiste à transférer les propriétés aurifères nord-américaines de Brookmount situées dans la Tintina Gold Belt à Principal Solar, qui sera renommée "North American Gold". À la suite de l'accord, les actionnaires de Brookmount conserveront 80% de la propriété, tandis que les actionnaires de Principal Solar détiendront 20% du groupe consolidé.
Brookmount prévoit de distribuer ses actions Principal Solar à ses actionnaires sous forme de dividende exceptionnel. Cette restructuration vise à créer une plateforme d'investissement indépendante pour les actifs nord-américains, Principal Solar poursuivant une offre publique garantie et une cotation simultanée. Parallèlement, Brookmount conservera ses opérations minières aurifères en Indonésie, qui génèrent un flux de trésorerie croissant pour le développement des actifs asiatiques.
Brookmount Explorations (BMXI) hat eine Absichtserklärung (MoU) unterzeichnet, um eine Mehrheitsbeteiligung an Principal Solar (PSSW) zu erwerben. Die Transaktion beinhaltet die Übertragung von Brookmounts nordamerikanischen Goldvorkommen im Tintina Gold Belt an Principal Solar, das in "North American Gold" umbenannt wird. Nach dem Deal behalten die Brookmount-Aktionäre 80% des Eigentums, während die Aktionäre von Principal Solar 20% der konsolidierten Gruppe halten.
Brookmount plant, seine Principal Solar-Aktien als Sonderdividende an seine Aktionäre auszuschütten. Die Umstrukturierung zielt darauf ab, eine unabhängige Investmentplattform für nordamerikanische Vermögenswerte zu schaffen, wobei Principal Solar ein unterzeichnetes öffentliches Angebot und eine gleichzeitige Börsennotierung anstrebt. Brookmount wird weiterhin seine Goldminenaktivitäten in Indonesien betreiben, die einen zunehmenden Cashflow für die Entwicklung asiatischer Vermögenswerte bieten.
- Strategic separation of North American and Indonesian assets to maximize shareholder value
- Brookmount shareholders will maintain 80% ownership in the new entity
- Indonesian operations continue providing increasing cash flow
- Planned public offering and listing for the new North American Gold entity
- Enhanced access to development funding and larger stakeholders
- Transaction is still in MoU stage, not yet definitive
- Potential dilution from planned public offering
- Complex restructuring process may face regulatory or execution challenges
RENO, NV / ACCESS Newswire / May 22, 2025 / Brookmount Explorations, Inc. (OTC PINK:BMXI), a gold exploration and production company, is pleased to announce that Brookmount has today executed a Memorandum of Understanding ("MoU") for the potential acquisition of a controlling interest in Principal Solar, Inc. (OTC:PSSW).
Under the terms of the MoU, Brookmount will initially acquire, for cash and shares, a controlling interest in Principal Solar. Following this acquisition, Brookmount's North American asset portfolio, comprising three gold development properties in the Tintina Gold Belt, will be acquired by Principal Solar. Thereafter, the parties plan to distribute Brookmounts' shares in Principal Solar to Brookmount shareholders in the form of a special dividend to be calculated on a pro-rated basis for the Brookmount shares owned. At the conclusion of the transaction, it is anticipated that Brookmount shareholders will retain an
The transaction will be structured such that Brookmount will retain control of the North American properties and ownership going forward will be evenly distributed between Brookmount shareholders.
The management of Brookmount and Principal Solar have been involved in discussions concerning the proposed transaction since last year and respective managements believe that the transaction proposed is in the best interests of the shareholders of both companies. By providing an independent investment platform for Brookmount's North American assets, Brookmount intends to will create additional financial opportunities for further development of the assets leading up to and beyond basic production. Following completion of the potential transaction, Principal Solar, (to be renamed "North American Gold") intends to pursue an underwritten public offering of its shares and simultaneous listing.
In announcing the transaction CEO of Brookmount, Nils Ollquist commented: "We are incredibly pleased that the efforts of our team and that of Rick Toussaint, CEO of Principal Solar, are progressing towards the conclusion of a seminal transaction for our collective shareholders. We believe that restructuring our North American assets as a separate business in this manner will enhance their collective value from a balance sheet perspective. We believe that it will also significantly improve access to development, production and larger stakeholders. Our Indonesian assets, having recently been brought under direct management control, will continue to provide Brookmount with valuable, increasing cash flow to facilitate continued growth and development of its Asian gold production assets. By utilizing two different publicly traded companies, one for the operating mines in Indonesia and one for the pre-production assets in the lucrative Tintina Gold Belt, the Company believes it will maximize shareholder value. We are working diligently toward a definitive agreement with Principal Solar and will make further announcements as progress is achieved."
About Brookmount Gold
Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in the United States (OTC PINK:BMXI). With operating gold mines in Southeast Asia and exploration and production assets in North America, the company is focused on building production of existing assets to scale, in addition to acquiring and developing additional high quality gold assets with JORC/NI 43-101 verified resources.
Safe Harbor Statements:
Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forwardlooking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.
Investor Relations Contact: info@chesapeakegp.com or 410-825-3930
Website: https://www.brookmountgold.com
Corporate Contact: corporate@brookmountgold.com
Social Links: Brookmount Gold X (Former Twitter): https://x.com/brookmountgold
SOURCE: Brookmount Explorations, Inc.
View the original press release on ACCESS Newswire
FAQ
What is the ownership structure after Brookmount's acquisition of Principal Solar?
How will BMXI shareholders benefit from the Principal Solar acquisition?
What happens to Brookmount's North American assets after the Principal Solar deal?
What is the purpose of Brookmount's acquisition of Principal Solar?
What will happen to Brookmount's Indonesian operations after the Principal Solar deal?
