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Brookmount Gold Announces Agreement Eliminating Stock Conversions Resulting from Convertible Debt and Repricing of Reg.A Offering
Brookmount Gold Announces Agreement Eliminating Stock Conversions Resulting from Convertible Debt and Repricing of Reg.A Offering.
About this update from Brookmount Explorations, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Brookmount Gold Announces Agreement Eliminating Stock Conversions Resulting from Convertible Debt and Repricing of Reg.A Offering\r\n \r\n \r\n\r\n\r\nBrookmount Gold Announces Agreement Eliminating Stock Conversions Resulting from Convertible Debt and Repricing of Reg.A Offering\r\n\r\n\r\n\r\n\r\n\r\nRENO, NEVADA / ACCESS Newswire / October 2, 2025 / Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC:BMXI), a gold exploration and production company, announced that a repayment and settlement agreement has now been executed with its convertible note lender. The agreement confirms that there will be no further conversions on this debt, nor stock issuances pursuant thereto. Repayment of the remaining balance, which commenced on September 20, will be completed on or before December 2026 and no prepayment penalties will apply.\r\n In addition to its convertible debt settlement, Brookmount confirmed that it will no longer be issuing additional stock under the currently qualified Reg.A offering. The Company is in the process of filing a post-qualification amendment (PQA) to reprice the offering at a significant premium to the existing offering price of $0.02c per share. The offering price is being raised for a number of reasons, including strong demand, current Company growth metrics and corporate expectations for future stock price movements. This process will involve a new review by the SEC and effectively suspends the current Reg A offering qualification until the review process is completed.\r\n CEO Nils Ollquist commented: \"The Company believes that limiting future dilution is currently the most critical element for building shareholder value. Over the past several months, we have been active in the process of raising sufficient capital to fund both expansion of our Indonesian gold operations and to accelerate the extinguishing of our remaining convertible debt. Conversions and share issuances pursuant to this debt have represented a significant obstacle to achieving a share price performance both reflective of our present status and satisfactory to both management and our shareholders.\"\r\n Mr Ollquist continued: \"This month we will announce our 26th consecutive quarter of profitability. Since the Company will now continue to operate, expand, and thrive as a cash flow positive entity, there is no furt...