Brookmount Explorations Advances North American Asset Spinoff and Share Distribution
Reuters
Oct 30
<a href="https://laohu8.com/S/BMXI">Brookmount Explorations</a> Advances <a href="https://laohu8.com/S/FNCSF">North American</a> Asset Spinoff and Share Distribution
Brookmount Explorations Inc. is moving forward with the restructuring of its North American gold assets, confirming the creation of a new subsidiary named North America Gold, Inc. This new entity, to be incorporated in Nevada, will acquire Brookmount's three North American gold properties through a stock-based transaction, using a valuation formula based on certified gold reserves. Brookmount will retain approximately 60% ownership in North America Gold, with the remaining shares set to be distributed to current Brookmount shareholders as a special dividend. Errin Kimball, Brookmount's Executive Director and Chief Geologist, has been appointed as the inaugural CEO of North America Gold. The company is also in the process of establishing corporate offices in Edmonton, Alberta and is updating resource valuations and audit confirmations for its properties, including the Moosehorn project, to support future fundraising and public listing plans for the new subsidiary.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brookmount Explorations Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1093182) on October 29, 2025, and is solely responsible for the information contained therein.
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