Brookmount Gold Completes Acquisition of Talawaan Mining Operation
BROOKMOUNT EXPLS INC (BMXI)
NASDAQ:AMEX Investor Relations:
marketwired.com/press-release/brookmount-explorations-inc-update-to-dilboost-technology-licensing-agreement-2235684.htm
Company Research
Source: GlobeNewswire
RENO, Nev., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Brookmount Gold (Brookmount Explorations, Inc.) (OTC: BMXI). The Board of Directors of Brookmount Gold is pleased to confirm that the acquisition of the Mining Operations in Talawaan, Indonesia has now been completed, with The Company scheduled to take full operational control from next Monday December 2. A portion of the investment capital deployed in the acquisition, was received from strategic investors, based in Australia, who are also significant shareholders in a major Australian listed gold mining company. This investor group will work closely in ongoing development and expansion of the Talawaan operation, including, where appropriate, arranging additional funds for capital equipment and drilling activities. In announcing closing of the acquisition, CEO Nils Ollquist commented as follows: “Acquisition of full control of Talawaan has been a key element of our strategic focus over the past 2 years, as we move Brookmount closer to
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