Brookmount Gold Approves Stock Buyback of up to 10,000 000 Shares or Maximum $500,000
Brookmount Gold (OTC PINK:BMXI) has announced a significant stock buyback program, authorizing the repurchase of up to 10,000,000 shares or a maximum of $500,000 of its common stock at prices up to $0.05 per share. The repurchases will be conducted through open market transactions, with repurchased shares being returned to Treasury and retired.
The company, which operates gold mines in Southeast Asia and has exploration properties in North America, plans to execute this buyback while maintaining its other strategic initiatives, including debt payoff, accelerating production in Indonesia and North America, and completing the PSWW acquisition. CEO Nils Ollquist highlighted the company's strong audited balance sheet, new credit facility, and under $2 million in liabilities as enabling factors for this shareholder-focused initiative.
Brookmount Gold (OTC PINK:BMXI) ha annunciato un importante programma di riacquisto di azioni, autorizzando il riacquisto fino a 10.000.000 di azioni o un massimo di 500.000 dollari del suo capitale sociale a prezzi fino a 0,05 dollari per azione. I riacquisti saranno effettuati tramite transazioni sul mercato aperto, con le azioni riacquistate che verranno restituite al Tesoro e cancellate.
L'azienda, che gestisce miniere d'oro nel Sud-est asiatico e possiede proprietà esplorative in Nord America, intende eseguire questo riacquisto mantenendo le altre iniziative strategiche, tra cui il pagamento del debito, l'accelerazione della produzione in Indonesia e Nord America e il completamento dell'acquisizione di PSWW. Il CEO Nils Ollquist ha sottolineato il solido bilancio certificato della società, la nuova linea di credito e passività inferiori a 2 milioni di dollari come fattori che rendono possibile questa iniziativa a favore degli azionisti.
Brookmount Gold (OTC PINK:BMXI) ha anunciado un programa significativo de recompra de acciones, autorizando la recompra de hasta 10,000,000 de acciones o un máximo de $500,000 de sus acciones comunes a precios de hasta $0.05 por acción. Las recompras se realizarán a través de transacciones en el mercado abierto, y las acciones recompradas serán devueltas al Tesoro y retiradas.
La empresa, que opera minas de oro en el sudeste asiático y tiene propiedades de exploración en América del Norte, planea ejecutar esta recompra mientras mantiene sus otras iniciativas estratégicas, incluyendo el pago de deuda, acelerar la producción en Indonesia y América del Norte, y completar la adquisición de PSWW. El CEO Nils Ollquist destacó el sólido balance auditado de la empresa, la nueva línea de crédito y pasivos por debajo de $2 millones como factores que hacen posible esta iniciativa enfocada en los accionistas.
Brookmount Gold (OTC PINK:BMXI)는 최대 10,000,000주 또는 최대 500,000달러 상당의 보통주를 주당 최대 0.05달러 가격으로 재매입하는 대규모 자사주 매입 프로그램을 발표했습니다. 재매입은 공개 시장 거래를 통해 이루어지며, 재매입된 주식은 국고로 반환되어 소각됩니다.
동남아시아에서 금광을 운영하고 북미에 탐사 자산을 보유한 이 회사는 부채 상환, 인도네시아 및 북미 생산 가속화, PSWW 인수 완료 등 다른 전략적 계획을 유지하면서 이번 자사주 매입을 진행할 예정입니다. CEO 닐스 올크위스트는 회사의 견고한 감사 재무제표, 새로운 신용 시설, 200만 달러 미만의 부채가 이번 주주 중심 이니셔티브를 가능하게 하는 요소라고 강조했습니다.
Brookmount Gold (OTC PINK:BMXI) a annoncé un programme important de rachat d’actions, autorisant le rachat jusqu’à 10 000 000 d’actions ou un maximum de 500 000 $ de ses actions ordinaires à un prix allant jusqu’à 0,05 $ par action. Les rachats seront effectués par des transactions sur le marché ouvert, les actions rachetées étant retournées au Trésor et annulées.
L’entreprise, qui exploite des mines d’or en Asie du Sud-Est et possède des propriétés d’exploration en Amérique du Nord, prévoit d’exécuter ce rachat tout en maintenant ses autres initiatives stratégiques, notamment le remboursement de la dette, l’accélération de la production en Indonésie et en Amérique du Nord, ainsi que la finalisation de l’acquisition de PSWW. Le PDG Nils Ollquist a souligné la solidité du bilan audité de la société, la nouvelle facilité de crédit et des passifs inférieurs à 2 millions de dollars comme facteurs permettant cette initiative axée sur les actionnaires.
Brookmount Gold (OTC PINK:BMXI) hat ein bedeutendes Aktienrückkaufprogramm angekündigt und die Rücknahme von bis zu 10.000.000 Aktien oder maximal 500.000 US-Dollar seines Stammkapitals zu Preisen von bis zu 0,05 US-Dollar pro Aktie genehmigt. Die Rückkäufe werden über offene Markttransaktionen durchgeführt, wobei die zurückgekauften Aktien in die Schatzkammer zurückgeführt und annulliert werden.
Das Unternehmen, das Goldminen in Südostasien betreibt und Explorationsgrundstücke in Nordamerika besitzt, plant, diesen Rückkauf durchzuführen und gleichzeitig seine anderen strategischen Initiativen fortzusetzen, darunter die Schuldentilgung, die Beschleunigung der Produktion in Indonesien und Nordamerika sowie den Abschluss der Übernahme von PSWW. CEO Nils Ollquist hob die starke geprüfte Bilanz, die neue Kreditfazilität und Verbindlichkeiten von unter 2 Millionen US-Dollar als Ermöglichungsfaktoren für diese aktionärsorientierte Initiative hervor.
- None.
- Buyback price cap of $0.05/share may limit repurchase opportunities if market price exceeds this level
- Maximum buyback amount of $500,000 is relatively modest
RENO, NEVADA / ACCESS Newswire / June 26, 2025 / Brookmount Gold (sic. Brookmount Explorations, Inc. "Brookmount" (OTC PINK:BMXI)), a gold exploration and production company, is pleased to announce that Brookmount's Board has authorized the repurchase of up
The repurchases would be conducted through open market transactions at prices of up to
Brookmount's CEO Nils Ollquist said, "We have issued a vote of confidence in our Company, our stock, and our strategic plans. Since the Company now has a strong, audited balance sheet, a new credit facility and under
The Share Repurchase Authorization would not alter the company's other strategic initiatives including finalizing the payoff of outstanding convertible debt, accelerating production in Indonesia and North American operations and the completion of the PSWW acquisition and spinoff of the North American assets. The Company will retain broad discretion over the terms, prices, and factors applicable to such repurchases but anticipates commencing purchases in a timely manner.
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 producing gold mines in Southeast Asia and exploration and development properties in North America, the Company is also focused on acquiring and developing additional high-quality gold and rare earth mineral 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 forward-looking 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.
Brookmount Explorations, Inc .
Investor Relations Contact: info@chesapeakegp.com
or 410 825 3930
Kevin Sakser: 813 4945756
Website: https://www.brookmountgold.com
Corporate Contact:
corporate@brookmountgold.com
Social Links:
Brookmount Gold X (Formerly Twitter); https://x.com/@BrookmountAu
SOURCE: Brookmount Explorations, Inc.
View the original press release on ACCESS Newswire
FAQ
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