Brookmount Gold Corp. (Brookmount Explorations, Inc.) Announces Financial Calendar and Reduction of Authorized Shares

Rhea-AI Summary

Brookmount Gold (OTC: BMXI) has released its financial calendar for the upcoming quarter, highlighting significant dates for earnings and conference calls. Key announcements include:

• Earnings Release: February 28, 2023
• Commentary on Annual Results: March 1, 2023
• Conference Call: March 7, 2023

Additionally, the company has reduced its authorized capital from 2 billion to 200 million shares, aiming for a potential listing on a senior exchange like NYSE American. This move, alongside the completion of 3-year financial audits, signals a commitment to transparency and growth in the gold mining sector.

Positive

• Reduction of authorized capital from 2 billion to 200 million shares, enhancing share value potential.
• Completion of 3-year financial audits, indicating readiness for senior exchange listing.
• Commitment to transparent and timely financial information for investors.

Negative

• None.

NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Brookmount Gold (Brookmount Explorations, Inc.) (OTC: BMXI) (BMXI.US) is pleased to announce the release of its financial calendar for the upcoming quarter. This calendar includes important dates for the release of financial results and conference calls.

The following dates are of note:

• Earnings Release: February 28, 2023
• Commentary on Annual Results: March 1, 2023
• Conference Call: March 7, 2023
  

The Board is also pleased to confirm that, effective from January 24, the Company’s authorised capital has been reduced to 200 million from 2 billion shares as foreshadowed in yesterday’s release. Together with the imminent completion of 3-year financial audits, this initiative is a key move in preparing for a possible transition to listing of the Company on a senior exchange, such as NYSE American.

Brookmount Gold is committed to providing transparent and timely financial information to its investors. "We encourage investors and stakeholders to review the financial calendar and stay informed about the Company's financial performance," said Nils Ollquist, CEO of Brookmount Gold.

As an American-listed Company operating gold mines in Southeast Asia and exploration and production assets in North America, founded in 2018, Brookmount Gold is a geographically diversified, high-growth gold-producing platform. The Company is continually seeking to secure additional high-quality gold assets with JORC/NI 43-101 verified reserves.

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 Gold Corp (Brookmount Explorations, Inc.)

Investor Relations

Ioannis Petratos

ir@bmxigold.com

www.brookmountgold.com

https://www.otcmarkets.com/stock/BMXI

Corporate

corporate@brookmountgold.com

FAQ

What are the key dates in the BMXI financial calendar for 2023?

The key dates for Brookmount Gold's financial calendar are: Earnings Release on February 28, 2023, Commentary on Annual Results on March 1, 2023, and Conference Call on March 7, 2023.

What is the recent change in authorized capital for BMXI?

Brookmount Gold has reduced its authorized capital from 2 billion to 200 million shares as of January 24, 2023.

What is the significance of BMXI's reduction in authorized capital?

The reduction in authorized capital is aimed at enhancing share value potential and preparing for a possible listing on a senior exchange like NYSE American.