BrightRock Gold Corp. Announces 500,000,000 Million Common Trading Share Reduction

Rhea-AI Summary

Brightrock Gold Corp. (OTC PINK:BRGC) announced a significant reduction of 500,000,000 shares from its outstanding common stock, leading to a total of 300,098,000 shares remaining. This reduction represents a 62% decrease in total outstanding shares, which aims to enhance shareholder value and supports future growth. The company's president, Mac Shahsavar, emphasized their commitment to ongoing strategies for increasing shareholder value. Further information about the company's initiatives can be found on its corporate website and social media platforms.

Positive

• Reduction of outstanding shares by 500,000,000, enhancing shareholder value.
• 62% decrease in total outstanding shares supports a healthier capital structure.

Negative

• None.

GURNEE, IL / ACCESSWIRE / April 13, 2022 / Brightrock Gold Corp. (OTC PINK:BRGC) the purchaser of 100% interest in the Midnight Owl Mine previously known as "The Lithium King Mine" announces a reduction of 500,000,000 shares of its outstanding common stock. "The return of these shares contributes to a capital structure that supports future growth, and instantly increases shareholder value," said Mac Shahsavar, President of the Company.

The company's total outstanding Common Trading shares after this 500,000,000 share cancellation is 300,098,000 for a total reduction of 62%. As we progress forward as a company we will continue to explore further ways to increase shareholder value.

To learn more about BrightRock Gold Corp. Visit:

Corporate Website :http://brightrockgold.com/

Corporate Twitter :https://twitter.com/brightrock_corp

Corporate Linkedin :https://www.linkedin.com/company/brgc-corp

Corporate Instagram :https://www.instagram.com/brightrock_gold_corp/

CONTACT:

BrightRock Gold Corporation
Phone 866-600-5444

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/BRGC/disclosure

SOURCE: BrightRock Gold Corp

View source version on accesswire.com:
https://www.accesswire.com/697237/BrightRock-Gold-Corp-Announces-500000000-Million-Common-Trading-Share-Reduction

FAQ

What is the significance of the 500 million share reduction by Brightrock Gold Corp?

The reduction improves the company's capital structure and increases shareholder value.

How many shares does Brightrock Gold Corp have after the recent reduction?

Brightrock Gold Corp now has 300,098,000 outstanding shares following the reduction.

What percentage of shares were reduced in the recent announcement by BRGC?

A total of 62% of the outstanding shares were reduced.

Who stated that the share reduction will increase shareholder value?

Mac Shahsavar, President of Brightrock Gold Corp, claimed that the share reduction increases shareholder value.