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Brookmount Explorations Inc. Update on Letter of Intent with SL Group Holdings Ltd. to Explore Precious Metals Mining Opportunities
Brookmount Explorations Inc. Update on Letter of Intent with SL Group Holdings Ltd. to Explore Precious Metals Mining Opportunities.
About this update from Brookmount Explorations, Inc.
[{"type":"text","content":"\n\n Los Angeles, CA., Dec. 18, 2017 (GLOBE NEWSWIRE) -- Brookmount Explorations Inc., (OTC PINK:BMXI) a U.S. exploration and development company, is pleased to announce that further to the news release issued on October 23, 2017 the Company is in the latter stages of discussions and negotiations with SL Group Holdings Ltd. to arrive at a definitive agreement.   SL Group Holdings currently owns and operates 2 gold production facilities providing positive operating cash flows in Northern Sulawesi province, one of Indonesia’s most significant areas of gold mineralization.   Should a definitive agreement be reached, it could result in a change of control.\n Forward-Looking 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 t...