Business
Brookmount Gold Shares Update on Progress Towards North American Asset Spinoff and Share Distribution
Brookmount Gold Shares Update on Progress Towards North American Asset Spinoff and Share Distribution.
About this update from Brookmount Explorations, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Brookmount Gold Shares Update on Progress Towards North American Asset Spinoff and Share Distribution\r\n \r\n \r\n\r\n\r\nBrookmount Gold Shares Update on Progress Towards North American Asset Spinoff and Share Distribution\r\n\r\n\r\n\r\n\r\n\r\nRENO, NV / ACCESS Newswire / December 17, 2025 / The Board of Directors of Brookmount Gold is pleased to provide this further update on the restructuring of the North American assets and special share dividend, as envisaged in our press release of December 3. North American Gold (\"NAG, or \"the Company\"), initially incorporated as a wholly owned subsidiary of Brookmount, has now completed the process of acquisition of the three North American properties, Moosehorn (Canada), Atlin and Macarthur Creek (Alaska) through a wholly owned special purpose vehicle incorporated in Alberta, Canada. Initial capitalization of NAG has been set at 20 million (common) shares of which 12 million shares will be retained by Brookmount and 7 million (35%) distributed to Brookmount shareholders by way of a special dividend.\r\n Following the special dividend and recapitalization process, it is anticipated that each Brookmount shareholder will receive approximately 0.02 shares of NAG for each share of Brookmount owned at the time of the dividend. Following acquisition of the North American properties, the Company holds resource assets accredited with a current NI43-101 exceeding US$100 million.\r\n As previously advised, The Board recently appointed Stantec Consulting Ltd. to update and revalidate their original NI 43-101 technical report on the Canadian property, which was originally completed in 2018, and is also moving forward with audit review both for Moosehorn and the Alaskan properties. Completion of these reports should be largely completed before year end. The Company plans scheduling meetings with potential underwriters in the US in January, following completion of an investor \"deck\" and draft registration statement, with a view to completing an offering and listing process by the end of June.\r\n About Brookmount Gold:\r\n Founded in 2018, Brookmount Gold is a high-growth gold-producing Company incorporated and listed on OTCMarkets in the United States (OTC: BMXI) (BMXI.US) with operating gold mines in Southeast Asia and exploration and production assets in North America. Th...