Please find the Tocantins Gold Mine Brazil Presentation https://s3.amazonaws.com/content.otcmarkets.com/media/1882297210/ObucNlUzANZfYBt/doc.pdf
Structure:
Acquisition Consideration:
$500,000 initial deposit to be paid within 30 days of signing of the binding MoU, or such other date as agreed between the parties.$4.5 million in cash to be paid on signing of a definitive Acquisition Agreement, which will take place within 60 days from signing of the binding MoU or such other date as agreed between the Parties.- In addition to the cash component outlined above, at final closing of the Transaction,
Brookmount will arrange for the issuance of restricted common stock such that Geoblocks will control 49% ofBrookmount shares, calculated on a fully diluted basis.
Board Composition:
As an integral part of the transaction, 2 key directors of Geoblocks will join the Brookmount Board, Lord
An additional announcement outlining further details on our new directors will be made shortly.
The Project:
The
This limited exploration has already validated the presence of 250,000 troy ounces of surface/near-surface gold, as reported by the previous owner. Further, an estimated 100,000 troy ounces of resources have been determined, awaiting certification by an independent Qualified Person in compliance with Canadian NI 43-101 standards. Additionally, the mine has already extracted 30,000 tons of gold ore, with an approximate average ore grade of 3g/tonne ready for processing.
The first payment will cover the costs associated with obtaining a NI 43-101 report, which will be applicable to the whole property.
The mining and exploration operations in the area are and will be fully authorised by the Brazilian mining authorities at each stage of development, and operations in the mining site will adhere to a high standard of environmental and social governance.
In conjunction with its Brazilian operating partner,
In view of the significance of this acquisition,
Founded in 2018, Brookmount Gold is a high-growth gold-producing Company incorporated and listed on OTCMarkets in
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
Investor Relations
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www.brookmountgold.com
https://www.otcmarkets.com/stock/BMXI
Corporate
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Source: Brookmount Gold
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