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Brookmount Gold settled its convertible debt, pausing its Reg.A offering to reprice at a premium, aiming to reduce dilution and boost shareholder value.
Brookmount Gold (OTC:BMXI) announced on October 2, 2025, it has settled its convertible note debt, eliminating future stock conversions and share issuances. The remaining balance will be repaid by December 2026 with no prepayment penalties. The company paused its Reg.A offering to reprice it at a significant premium above $0.02 per share, citing strong demand and positive growth metrics. CEO Nils Ollquist said reducing dilution is now a priority, noting 26 consecutive profitable quarters and positive cash flow. Brookmount plans to accelerate its stock buyback program and advance strategic moves, including a spin-off of North American assets and a potential exchange listing. The company operates gold mines in Southeast Asia and holds exploration assets in North America. Forward-looking statements include expectations for financial performance and regulatory outcomes, with risks that actual results may differ.