Business
Brookmount Gold Approves Stock Buyback of up to 10,000 000 Shares or Maximum $500,000
Brookmount Gold Approves Stock Buyback of up to 10,000 000 Shares or Maximum $500,000.
About this update from Brookmount Explorations, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Brookmount Gold Approves Stock Buyback of up to 10,000 000 Shares or Maximum $500,000 \r\n \r\n \r\n\r\n\r\nBrookmount Gold Approves Stock Buyback of up to 10,000 000 Shares or Maximum $500,000 \r\n\r\n\r\n\r\n\r\n\r\nRENO, 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 $500,000 of the Company's common stock at a price of up to $0.05c/share.\r\n The repurchases would be conducted through open market transactions at prices of up to $0.05c/share, with repurchased shares to be returned to Treasury and retired by the Company. The timing and amount of the purchases would be at Brookmount's discretion, in compliance with relevant Securities and Exchange Commission rules and regulations.\r\n 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 $2 million in liabilities, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities and enhance both the stability and growth metrics of our operations.\"\r\n 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.\r\n About Brookmount Gold\r\n 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.\r\n Safe Harbor Statements:\r\n Except for the historical information contained her...